Kestra Private Wealth Services LLC Buys 144 Shares of Marriott International, Inc. (NASDAQ:MAR)

Kestra Private Wealth Services LLC boosted its stake in Marriott International, Inc. (NASDAQ:MAR) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 6,462 shares of the company’s stock after acquiring an additional 144 shares during the period. Kestra Private Wealth Services LLC’s holdings in Marriott International were worth $1,803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. PointState Capital LP acquired a new position in Marriott International in the third quarter valued at about $98,249,000. Canoe Financial LP acquired a new position in Marriott International in the third quarter valued at about $77,331,000. International Assets Investment Management LLC grew its stake in Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock valued at $75,208,000 after acquiring an additional 300,543 shares during the period. Assenagon Asset Management S.A. grew its stake in Marriott International by 341.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock valued at $106,339,000 after acquiring an additional 294,898 shares during the period. Finally, Mizuho Securities USA LLC grew its stake in Marriott International by 629.7% in 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. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

MAR has been the subject of a number of research analyst reports. Argus boosted their target price on Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. TD Cowen reduced their price objective on Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Truist Financial upped their price objective on Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Jefferies Financial Group upped their price objective on Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price objective for the company in a research report on Tuesday, February 4th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $276.35.

Marriott International Stock Down 5.4 %

NASDAQ:MAR opened at $288.00 on Wednesday. The stock’s 50 day moving average price is $284.30 and its two-hundred day moving average price is $261.51. The firm has a market capitalization of $80.03 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 4.88 and a beta of 1.57. Marriott International, Inc. has a 12-month low of $204.55 and a 12-month high of $307.52.

Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. Equities research analysts expect that Marriott International, Inc. will post 9.26 EPS for the current year.

Insider Buying and Selling at Marriott International

In other news, insider William P. Brown sold 1,707 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total transaction of $485,300.10. Following the transaction, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.32% of the company’s stock.

Marriott International Company 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.