Entropy Technologies LP Takes $2.37 Million Position in Marriott International, Inc. (NASDAQ:MAR)

Entropy Technologies LP purchased a new position in shares of Marriott International, Inc. (NASDAQ:MAR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,500 shares of the company’s stock, valued at approximately $2,371,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jensen Investment Management Inc. bought a new position in shares of Marriott International during the third quarter valued at $793,000. BayBridge Capital Group LLC bought a new position in shares of Marriott International in the third quarter valued at approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. grew its position in Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company’s stock worth $140,844,000 after acquiring an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in Marriott International in the 3rd quarter valued at $2,721,000. Finally, Kinsale Capital Group Inc. acquired a new position in Marriott International in the third quarter worth $3,769,000. Institutional investors own 70.70% of the company’s stock.

Marriott International Trading Up 0.3 %

MAR stock opened at $303.97 on Monday. Marriott International, Inc. has a 1-year low of $204.55 and a 1-year high of $307.52. The business’s 50-day moving average price is $283.94 and its two-hundred day moving average price is $260.83. The firm has a market cap of $84.47 billion, a PE ratio of 31.80, a P/E/G ratio of 4.88 and a beta of 1.57.

Wall Street Analysts Forecast Growth

MAR has been the subject of a number of research analyst 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 report on Tuesday, February 4th. Robert W. Baird upped their target price on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein raised their price target on shares of Marriott International from $262.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Jefferies Financial Group increased their price objective on Marriott International from $251.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $276.35.

Insider Activity

In related news, insider William P. Brown sold 1,707 shares of the company’s 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 transaction, the insider now directly owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at $30,827,620.89. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. 12.32% of the stock is currently owned by company insiders.

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.