Marriott International (NASDAQ:MAR) Price Target Raised to $301.00 at UBS Group

Marriott International (NASDAQ:MAR) had its price objective upped by UBS Group from $294.00 to $301.00 in a report released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on MAR. The Goldman Sachs Group boosted their price objective on Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird upped their price objective on Marriott International from $258.00 to $264.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Stifel Nicolaus lifted their target price on shares of Marriott International from $252.00 to $283.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Bank of America upped their price target on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Mizuho lifted their price target on shares of Marriott International from $246.00 to $293.00 and gave the stock a “neutral” rating in a report on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $284.45.

Marriott International Trading Up 0.9 %

Shares of NASDAQ MAR opened at $290.45 on Wednesday. The stock has a 50-day moving average price of $284.37 and a two-hundred day moving average price of $261.87. Marriott International has a 12 month low of $204.55 and a 12 month high of $307.52. The company has a market cap 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 (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $2.45 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Marriott International will post 9.26 earnings per share for the current year.

Insider Buying and Selling at Marriott International

In other Marriott International news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total value of $485,300.10. Following the completion of the sale, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.32% of the company’s stock.

Institutional Trading of Marriott International

Several large investors have recently made changes to their positions in the company. Hurley Capital LLC bought a new position in Marriott International in the fourth quarter worth approximately $80,000. Wedbush Securities Inc. raised its position in shares of Marriott International by 41.2% during the fourth quarter. Wedbush Securities Inc. now owns 2,473 shares of the company’s stock worth $690,000 after purchasing an additional 721 shares during the period. Envestnet Asset Management Inc. grew its position in Marriott International by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 189,810 shares of the company’s stock valued at $52,946,000 after purchasing an additional 3,508 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Marriott International during the 4th quarter valued at $1,941,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in Marriott International during the fourth quarter worth $19,132,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

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.