Marriott International (NASDAQ:MAR) Price Target Raised to $265.00

Marriott International (NASDAQ:MAR) had its target price boosted by equities researchers at Mizuho from $260.00 to $265.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price would suggest a potential upside of 13.32% from the company’s current price.

Several other equities analysts have also issued reports on MAR. Argus boosted their target price on shares of Marriott International from $270.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Wells Fargo & Company boosted their price objective on Marriott International from $234.00 to $250.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Truist Financial raised their target price on Marriott International from $233.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. UBS Group increased their price target on Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Barclays lifted their price objective on shares of Marriott International from $239.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, April 19th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $237.13.

Marriott International Trading Down 1.0 %

Marriott International stock opened at $233.86 on Thursday. The company has a market capitalization of $67.58 billion, a PE ratio of 22.95, a P/E/G ratio of 5.27 and a beta of 1.61. The stock has a 50-day moving average price of $248.01 and a two-hundred day moving average price of $228.08. Marriott International has a 12 month low of $165.13 and a 12 month high of $260.57.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, February 13th. The company reported $3.57 EPS for the quarter, topping the consensus estimate of $2.12 by $1.45. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.20 billion. Marriott International had a net margin of 13.00% and a negative return on equity of 848.49%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. As a group, analysts predict that Marriott International will post 9.46 earnings per share for the current fiscal year.

Insider Activity at Marriott International

In other news, Director Eric Hippeau sold 2,600 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $237.40, for a total value of $617,240.00. Following the completion of the sale, the director now owns 1,472 shares in the company, valued at approximately $349,452.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Eric Hippeau sold 2,600 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $237.40, for a total value of $617,240.00. Following the transaction, the director now owns 1,472 shares in the company, valued at approximately $349,452.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony Capuano sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $248.48, for a total value of $4,969,600.00. Following the sale, the chief executive officer now directly owns 93,323 shares of the company’s stock, valued at $23,188,899.04. The disclosure for this sale can be found here. Insiders have sold a total of 125,003 shares of company stock valued at $30,435,493 over the last 90 days. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Large investors have recently added to or reduced their stakes in the stock. Caprock Group LLC grew its holdings in Marriott International by 255.1% during the fourth quarter. Caprock Group LLC now owns 11,781 shares of the company’s stock valued at $2,657,000 after purchasing an additional 8,463 shares during the period. Cerity Partners LLC increased its holdings in Marriott International by 86.8% in the 4th quarter. Cerity Partners LLC now owns 44,957 shares of the company’s stock worth $10,138,000 after acquiring an additional 20,890 shares during the last quarter. Impax Asset Management Group plc raised its stake in Marriott International by 88.4% in the 4th quarter. Impax Asset Management Group plc now owns 10,426 shares of the company’s stock valued at $2,351,000 after acquiring an additional 4,892 shares during the period. International Assets Investment Management LLC lifted its holdings in Marriott International by 1,487.6% during the fourth quarter. International Assets Investment Management LLC now owns 345,246 shares of the company’s stock valued at $77,856,000 after purchasing an additional 323,500 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of Marriott International by 14.7% in the fourth quarter. Vontobel Holding Ltd. now owns 79,403 shares of the company’s stock worth $17,906,000 after purchasing an additional 10,197 shares in the last quarter. Hedge funds and other institutional investors own 70.70% of the company’s stock.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.