Barclays Has Lowered Expectations for Marriott International (NASDAQ:MAR) Stock Price

Marriott International (NASDAQ:MAR) had its price objective reduced by Barclays from $287.00 to $283.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 1.74% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Sanford C. Bernstein boosted their price target on shares of Marriott International from $262.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Robert W. Baird boosted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Macquarie reiterated a “neutral” rating and issued a $245.00 price target on shares of Marriott International in a research note on Tuesday, November 5th. BMO Capital Markets boosted their price target on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Bank of America boosted their price target on shares of Marriott International from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marriott International presently has an average rating of “Hold” and an average target price of $278.55.

Marriott International Stock Performance

Shares of Marriott International stock opened at $288.00 on Wednesday. The company has a market capitalization of $80.03 billion, a P/E ratio of 30.13, a P/E/G ratio of 4.88 and a beta of 1.57. The company has a fifty day moving average of $284.30 and a 200 day moving average of $261.51. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share for the quarter, topping 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%. Analysts forecast that Marriott International will post 9.26 EPS for the current year.

Insiders Place Their Bets

In other news, insider William P. Brown sold 1,707 shares of the 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 transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.07% of the company’s stock.

Hedge Funds Weigh In On Marriott International

A number of hedge funds and other institutional investors have recently modified their holdings of MAR. Exchange Traded Concepts LLC lifted its position in Marriott International by 126.0% during the third quarter. Exchange Traded Concepts LLC now owns 972 shares of the company’s stock valued at $242,000 after acquiring an additional 542 shares during the last quarter. Wesbanco Bank Inc. lifted its position in Marriott International by 276.3% during the third quarter. Wesbanco Bank Inc. now owns 18,643 shares of the company’s stock valued at $4,635,000 after acquiring an additional 13,689 shares during the last quarter. Creative Planning lifted its position in Marriott International by 4.1% during the third quarter. Creative Planning now owns 97,322 shares of the company’s stock valued at $24,194,000 after acquiring an additional 3,840 shares during the last quarter. Occidental Asset Management LLC purchased a new stake in Marriott International during the third quarter valued at approximately $201,000. Finally, Swedbank AB raised its holdings in shares of Marriott International by 6.1% in the third quarter. Swedbank AB now owns 63,386 shares of the company’s stock worth $15,758,000 after buying an additional 3,635 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors.

About Marriott International

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.