Avantax Advisory Services Inc. increased its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 27.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,801 shares of the company’s stock after buying an additional 1,045 shares during the period. Avantax Advisory Services Inc.’s holdings in Marriott International were worth $712,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC raised its stake in Marriott International by 692.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 198 shares of the company’s stock worth $26,000 after buying an additional 173 shares during the last quarter. Capital Asset Advisory Services LLC bought a new position in Marriott International during the fourth quarter worth $26,000. Salem Investment Counselors Inc. bought a new position in Marriott International during the fourth quarter worth $29,000. Lumature Wealth Partners LLC bought a new position in Marriott International during the first quarter worth $30,000. Finally, First Horizon Advisors Inc. increased its stake in Marriott International by 113.5% in the first quarter. First Horizon Advisors Inc. now owns 205 shares of the company’s stock valued at $30,000 after purchasing an additional 109 shares in the last quarter. 58.73% of the stock is owned by institutional investors and hedge funds.
Marriott International stock opened at $140.79 on Friday. The company has a debt-to-equity ratio of 40.11, a quick ratio of 0.45 and a current ratio of 0.45. Marriott International, Inc. has a fifty-two week low of $80.26 and a fifty-two week high of $159.98. The stock’s 50-day moving average price is $143.67.
Several equities research analysts have weighed in on the stock. Truist lifted their price target on shares of Marriott International from $119.00 to $133.00 in a research note on Wednesday, May 12th. Stifel Nicolaus lifted their price target on shares of Marriott International from $120.00 to $140.00 and gave the company a “hold” rating in a research note on Monday, May 10th. Morgan Stanley lifted their price target on shares of Marriott International from $123.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday, May 17th. Robert W. Baird reiterated a “hold” rating and set a $140.00 price objective on shares of Marriott International in a report on Thursday, May 13th. Finally, Zacks Investment Research upgraded shares of Marriott International from a “sell” rating to a “hold” rating and set a $159.00 price objective for the company in a report on Tuesday, March 23rd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Marriott International currently has an average rating of “Hold” and a consensus price target of $132.12.
In other news, insider Deborah Marriott Harrison sold 360 shares of the business’s stock in a transaction that occurred on Thursday, May 13th. The shares were sold at an average price of $138.06, for a total value of $49,701.60. Following the sale, the insider now owns 746 shares of the company’s stock, valued at $102,992.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Craig S. Smith sold 6,099 shares of the business’s stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $148.10, for a total transaction of $903,261.90. 12.41% of the stock is owned by insiders.
About Marriott International
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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