Marriott International (NASDAQ:MAR) Given New $283.00 Price Target at Barclays

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

Several other analysts have also commented on the stock. Wells Fargo & Company raised their price target on shares of Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group raised their price target on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Bank of America raised 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. Argus raised their price target on shares of Marriott International from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Truist Financial lifted their target price on shares of Marriott International from $254.00 to $277.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott International has an average rating of “Hold” and a consensus target price of $278.55.

Marriott International Price Performance

Shares of Marriott International stock opened at $288.00 on Wednesday. The firm has a fifty day moving average price of $284.30 and a 200 day moving average price of $261.51. Marriott International has a 1 year low of $204.55 and a 1 year high of $307.52. The stock has a market cap of $80.03 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57.

Marriott International (NASDAQ:MAR) last issued its earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) 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%. As a group, equities analysts expect 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 business’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.