Marriott International (NASDAQ:MAR) Price Target Lowered to $283.00 at Barclays

Marriott International (NASDAQ:MAR) had its price objective decreased by Barclays from $287.00 to $283.00 in a research note released on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

MAR has been the subject of a number of other reports. TD Cowen lowered their price target on shares of Marriott International from $295.00 to $283.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial lifted their price target on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. BMO Capital Markets lifted their price target on shares of Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their price target on shares of Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $284.45.

Marriott International Trading Up 0.9 %

Shares of MAR opened at $290.45 on Wednesday. The firm’s 50-day moving average price is $284.37 and its 200-day moving average price is $261.87. The firm has a market capitalization of $80.71 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 4.88 and a beta of 1.57. Marriott International has a 1-year low of $204.55 and a 1-year high of $307.52.

Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. On average, research analysts forecast that Marriott International will post 9.26 EPS for the current fiscal year.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.32% of the stock is owned by corporate insiders.

Institutional Trading of Marriott International

Several large investors have recently added to or reduced their stakes in MAR. Norges Bank bought a new stake in Marriott International during the fourth quarter valued at approximately $580,922,000. Wellington Management Group LLP boosted its position in shares of Marriott International by 50.8% in the fourth quarter. Wellington Management Group LLP now owns 4,661,101 shares of the company’s stock worth $1,300,168,000 after purchasing an additional 1,570,144 shares during the period. Raymond James Financial Inc. bought a new position in shares of Marriott International in the fourth quarter worth approximately $165,162,000. PointState Capital LP bought a new position in shares of Marriott International in the third quarter worth approximately $98,249,000. Finally, Proficio Capital Partners LLC boosted its position in shares of Marriott International by 36,564.5% in the fourth quarter. Proficio Capital Partners LLC now owns 360,779 shares of the company’s stock worth $100,636,000 after purchasing an additional 359,795 shares during the period. 70.70% of the stock is currently owned by institutional investors.

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.