Marriott International, Inc. (NASDAQ:MAR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Marriott International, Inc. (NASDAQ:MAR) have received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $316.1875.

Several equities research analysts have recently weighed in on MAR shares. Barclays upped their target price on shares of Marriott International from $276.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 16th. Robert W. Baird cut their price target on Marriott International from $287.00 to $285.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Truist Financial lifted their price objective on shares of Marriott International from $278.00 to $283.00 and gave the stock a “hold” rating in a research note on Thursday, December 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a research report on Thursday, January 22nd. Finally, Sanford C. Bernstein boosted their target price on Marriott International from $329.00 to $369.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th.

Insider Activity

In other Marriott International news, EVP Peggy Roe sold 2,000 shares of Marriott International stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $292.12, for a total value of $584,240.00. Following the sale, the executive vice president owned 17,466 shares of the company’s stock, valued at $5,102,167.92. This trade represents a 10.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Deborah Marriott Harrison sold 70,000 shares of Marriott International stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $291.63, for a total value of $20,414,100.00. Following the completion of the sale, the insider directly owned 175,210 shares in the company, valued at approximately $51,096,492.30. This represents a 28.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 74,490 shares of company stock worth $21,756,389 over the last quarter. 10.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marriott International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Triumph Capital Management acquired a new position in Marriott International in the 3rd quarter valued at about $28,000. AlphaQuest LLC boosted its holdings in shares of Marriott International by 2,750.0% during the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares during the period. Rachor Investment Advisory Services LLC bought a new position in shares of Marriott International during the fourth quarter worth approximately $32,000. Addison Advisors LLC bought a new stake in Marriott International in the 2nd quarter valued at $34,000. Finally, Darwin Wealth Management LLC bought a new position in Marriott International during the 2nd quarter worth $37,000. 70.70% of the stock is owned by institutional investors.

Marriott International Trading Up 2.1%

NASDAQ MAR opened at $333.24 on Friday. Marriott International has a 1-year low of $205.40 and a 1-year high of $333.96. The stock’s 50 day moving average is $313.17 and its two-hundred day moving average is $285.55. The company has a market capitalization of $89.42 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.86 and a beta of 1.13.

Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, November 4th. The company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.38 by $0.09. Marriott International had a negative return on equity of 89.29% and a net margin of 10.07%.The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $6.46 billion. On average, analysts predict that Marriott International will post 10.1 earnings per share for the current year.

About Marriott International

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.