Marriott Vacations Worldwide Corporation (NYSE:VAC) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in Marriott Vacations Worldwide Corporation (NYSE:VAC) by 17.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,485 shares of the company’s stock after acquiring an additional 526 shares during the period. XTX Topco Ltd’s holdings in Marriott Vacations Worldwide were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. True Wealth Design LLC lifted its position in Marriott Vacations Worldwide by 35.2% during the fourth quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after buying an additional 155 shares in the last quarter. Fifth Third Bancorp lifted its position in Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock valued at $25,000 after buying an additional 228 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Marriott Vacations Worldwide by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company’s stock valued at $246,000 after buying an additional 253 shares in the last quarter. Grandview Asset Management LLC lifted its position in Marriott Vacations Worldwide by 4.5% during the first quarter. Grandview Asset Management LLC now owns 6,920 shares of the company’s stock valued at $445,000 after buying an additional 300 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Marriott Vacations Worldwide by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company’s stock valued at $385,000 after buying an additional 443 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Price Performance

Shares of VAC opened at $73.64 on Wednesday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 1.55 and a beta of 1.49. Marriott Vacations Worldwide Corporation has a fifty-two week low of $49.22 and a fifty-two week high of $100.32. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90. The business’s 50-day moving average is $74.83 and its 200-day moving average is $70.94.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.72 by $0.24. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar acquired 337,551 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, June 18th. The stock was bought at an average cost of $68.11 per share, with a total value of $22,990,598.61. Following the completion of the transaction, the director owned 4,045,984 shares of the company’s stock, valued at $275,571,970.24. The trade was a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VAC. Barclays dropped their price objective on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Morgan Stanley reiterated an “underweight” rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Finally, Mizuho dropped their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.67.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.