Marriott International (NASDAQ:MAR) Given New $301.00 Price Target at UBS Group

Marriott International (NASDAQ:MAR) had its price target upped by stock analysts at UBS Group from $294.00 to $301.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 4.43% from the company’s current price.

MAR has been the subject of several other research reports. Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and set a $330.00 price target for the company in a research note on Tuesday, February 4th. Barclays cut their target price on Marriott International from $287.00 to $283.00 and set an “equal weight” rating for the company in a research note on Wednesday. Argus lifted their price target on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Truist Financial increased their target price on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Susquehanna boosted their price target on shares of Marriott International from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average price target of $284.45.

Marriott International Trading Down 0.8 %

Shares of MAR opened at $288.24 on Wednesday. The stock has a 50-day moving average price of $284.38 and a 200-day moving average price of $262.07. The company has a market cap of $80.10 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. Marriott International 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 results on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, topping 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%. As a group, analysts predict that Marriott International will post 9.26 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $284.30, for a total value of $485,300.10. Following the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at $6,560,791.10. This 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 available at this link. Company insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Hedge funds have recently modified their holdings of the business. Hopwood Financial Services Inc. purchased a new position in Marriott International during the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. bought a new position in shares of Marriott International during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc boosted its position in shares of Marriott International by 112.2% in the 4th quarter. Bell Investment Advisors Inc now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Sound Income Strategies LLC increased its position in Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock valued at $30,000 after buying an additional 89 shares in the last quarter. Finally, Silvant Capital Management LLC bought a new stake in Marriott International in the third quarter worth $31,000. Institutional investors own 70.70% 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.