Marriott International (NASDAQ:MAR) Price Target Cut to $226.00 by Analysts at Jefferies Financial Group

Marriott International (NASDAQ:MAR) had its price target reduced by investment analysts at Jefferies Financial Group from $295.00 to $226.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 7.25% from the stock’s current price.

MAR has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price target on Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Truist Financial cut their target price on shares of Marriott International from $308.00 to $300.00 and set a “hold” rating for the company in a research note on Friday, March 21st. UBS Group lifted their price target on shares of Marriott International from $294.00 to $301.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Mizuho boosted their price target on Marriott International from $246.00 to $293.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $282.60.

Marriott International Trading Down 0.2 %

Shares of NASDAQ:MAR traded down $0.39 during midday trading on Wednesday, hitting $210.73. 308,286 shares of the stock were exchanged, compared to its average volume of 1,539,464. Marriott International has a twelve month low of $204.55 and a twelve month high of $307.52. The company has a 50 day moving average price of $262.78 and a 200-day moving average price of $269.98. The stock has a market cap of $58.15 billion, a P/E ratio of 25.40, a PEG ratio of 3.42 and a beta of 1.42.

Marriott International (NASDAQ:MAR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Marriott International had a net margin of 9.46% and a negative return on equity of 116.67%. On average, equities research analysts expect that Marriott International will post 10.1 earnings per share for the current year.

Insiders Place Their Bets

In other Marriott International news, insider William P. Brown sold 12,642 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $285.63, for a total value of $3,610,934.46. Following the completion of the transaction, the insider now owns 30,919 shares in the company, valued at $8,831,393.97. This represents a 29.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kathleen K. Oberg sold 14,498 shares of Marriott International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $278.07, for a total transaction of $4,031,458.86. Following the sale, the chief financial officer now owns 14,282 shares in the company, valued at $3,971,395.74. This represents a 50.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,694 shares of company stock worth $8,938,132 over the last ninety days. 12.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marriott International

A number of large investors have recently added to or reduced their stakes in the company. Czech National Bank grew its stake in shares of Marriott International by 5.1% during the first quarter. Czech National Bank now owns 52,558 shares of the company’s stock valued at $12,519,000 after acquiring an additional 2,548 shares in the last quarter. Rhumbline Advisers boosted its holdings in Marriott International by 1.9% in the first quarter. Rhumbline Advisers now owns 440,117 shares of the company’s stock valued at $104,836,000 after purchasing an additional 8,373 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Marriott International by 6.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,864 shares of the company’s stock worth $1,397,000 after purchasing an additional 354 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Marriott International by 2.9% in the 1st quarter. Parallel Advisors LLC now owns 2,798 shares of the company’s stock valued at $667,000 after purchasing an additional 79 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Marriott International by 23,923.3% during the 1st quarter. GAMMA Investing LLC now owns 731,989 shares of the company’s stock valued at $174,360,000 after buying an additional 728,942 shares during the last quarter. 70.70% of the stock is owned by institutional investors and hedge funds.

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.