Starwood Hotels & Resorts Worldwide CEO Paasschen Frits D. Van Sells 51,435 Shares (HOT)
Starwood Hotels & Resorts Worldwide (NYSE:HOT) CEO Paasschen Frits D. Van unloaded 51,435 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $81.01, for a total transaction of $4,166,749.35. Following the sale, the chief executive officer now directly owns 246,915 shares in the company, valued at approximately $20,002,584. The transaction was disclosed in a filing with the SEC, which is available at this link.
HOT has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Wednesday, June 18th. They now have a $87.00 price target on the stock, up previously from $85.00. Separately, analysts at Zacks upgraded shares of Starwood Hotels & Resorts Worldwide from an “underperform” rating to a “neutral” rating in a research note on Monday, June 9th. They now have a $85.00 price target on the stock. Finally, analysts at Nomura raised their price target on shares of Starwood Hotels & Resorts Worldwide from $91.00 to $95.00 in a research note on Friday, May 30th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $84.06.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded down 0.52% on Monday, hitting $80.58. 751,365 shares of the company’s stock traded hands. Starwood Hotels & Resorts Worldwide has a 52 week low of $60.46 and a 52 week high of $82.81. The stock has a 50-day moving average of $79.25 and a 200-day moving average of $77.9. The company has a market cap of $15.471 billion and a P/E ratio of 27.88.
Starwood Hotels & Resorts Worldwide (NYSE:HOT) last announced its earnings results on Thursday, April 24th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.07. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts predict that Starwood Hotels & Resorts Worldwide will post $2.83 earnings per share for the current fiscal year.
Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.
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