Empirical Finance LLC Sells 129 Shares of Marriott International, Inc. (NASDAQ:MAR)

Empirical Finance LLC reduced its holdings in Marriott International, Inc. (NASDAQ:MAR) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,694 shares of the company’s stock after selling 129 shares during the quarter. Empirical Finance LLC’s holdings in Marriott International were worth $2,425,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. PointState Capital LP acquired a new position in shares of Marriott International during the third quarter worth approximately $98,249,000. Canoe Financial LP acquired a new position in Marriott International during the 3rd quarter worth $77,331,000. International Assets Investment Management LLC boosted its position in Marriott International by 15,148.3% in the 3rd quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after buying an additional 300,543 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Marriott International by 341.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after acquiring an additional 294,898 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in shares of Marriott International by 629.7% during the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock valued at $33,554,000 after acquiring an additional 116,477 shares during the period. 70.70% of the stock is currently owned by institutional investors.

Insider Activity at Marriott International

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. The trade was a 7.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, valued at $6,560,791.10. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. 12.32% of the stock is owned by insiders.

Marriott International Price Performance

MAR opened at $303.97 on Monday. The company has a market capitalization of $84.47 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 4.88 and a beta of 1.57. The business’s 50-day moving average price is $283.94 and its two-hundred day moving average price is $260.83. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Analysts Set New Price Targets

MAR has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Bank of America increased their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Barclays lifted their target price on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their price target on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Truist Financial increased their target price on Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $276.35.

Marriott International Profile

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, City Express by Marriott, and St.