InterContinental Hotels Group (NYSE:IHG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

InterContinental Hotels Group PLC (NYSE:IHG) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $112.18 and traded as high as $127.86. InterContinental Hotels Group shares last traded at $126.77, with a volume of 159,453 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 15th. Finally, Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Performance

The company has a fifty day moving average price of $125.08 and a two-hundred day moving average price of $112.40.

Institutional Trading of InterContinental Hotels Group

Several institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in InterContinental Hotels Group by 130.9% in the third quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after purchasing an additional 436 shares during the period. World Investment Advisors LLC acquired a new stake in shares of InterContinental Hotels Group in the 3rd quarter valued at about $86,000. Transamerica Financial Advisors Inc. increased its position in InterContinental Hotels Group by 100,100.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company’s stock valued at $111,000 after buying an additional 1,001 shares in the last quarter. GAMMA Investing LLC raised its stake in InterContinental Hotels Group by 40.7% during the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the company’s stock worth $182,000 after buying an additional 422 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in InterContinental Hotels Group by 22.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company’s stock worth $200,000 after acquiring an additional 330 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.