Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT)’s share price gapped up before the market opened on Friday . The stock had previously closed at $78.29, but opened at $78.48. Starwood Hotels & Resorts Worldwide shares last traded at $78.77, with a volume of 388,073 shares.

Several equities analysts have recently issued reports on HOT shares. Jefferies Group reiterated a “hold” rating on shares of Starwood Hotels & Resorts Worldwide in a research report on Tuesday, April 26th. Wells Fargo & Co. reiterated a “hold” rating on shares of Starwood Hotels & Resorts Worldwide in a research report on Tuesday, May 3rd. Macquarie downgraded Starwood Hotels & Resorts Worldwide from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 3rd. Canaccord Genuity cut Starwood Hotels & Resorts Worldwide from a “buy” rating to a “hold” rating and boosted their target price for the stock from $86.00 to $88.00 in a report on Wednesday, May 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Starwood Hotels & Resorts Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.83.

The stock has a 50 day moving average price of $76.02 and a 200 day moving average price of $74.05. The firm has a market capitalization of $13.38 billion and a PE ratio of 162.03.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, equities analysts anticipate that Starwood Hotels & Resorts Worldwide Inc. will post $2.97 EPS for the current fiscal year.

Other large investors have recently bought and sold shares of the company. Utah Retirement Systems raised its stake in Starwood Hotels & Resorts Worldwide by 0.3% in the fourth quarter. Utah Retirement Systems now owns 30,656 shares of the company’s stock valued at $2,124,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc raised its stake in Starwood Hotels & Resorts Worldwide by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 16,186 shares of the company’s stock valued at $1,121,000 after buying an additional 372 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in Starwood Hotels & Resorts Worldwide by 5.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 22,598 shares of the company’s stock valued at $1,566,000 after buying an additional 1,269 shares during the period. Andra AP fonden raised its stake in Starwood Hotels & Resorts Worldwide by 3.9% in the fourth quarter. Andra AP fonden now owns 39,900 shares of the company’s stock valued at $2,764,000 after buying an additional 1,500 shares during the period. Finally, American International Group Inc. raised its stake in Starwood Hotels & Resorts Worldwide by 2.5% in the fourth quarter. American International Group Inc. now owns 71,244 shares of the company’s stock valued at $4,936,000 after buying an additional 1,706 shares during the period.

Starwood Hotels & Resorts Worldwide, Inc is a hotel and leisure company. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company manages and operates its hotel business in three hotel segments: the Americas; Europe, Africa and the Middle East (EAME), and Asia Pacific.

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