Jefferies Financial Group Boosts Marriott International (NASDAQ:MAR) Price Target to $295.00

Marriott International (NASDAQ:MAR - Get Free Report) had its price objective raised by investment analysts at Jefferies Financial Group from $251.00 to $295.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 7.49% from the company's previous close.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group boosted their price objective 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. Mizuho increased their price target on Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. BMO Capital Markets lifted their price objective on Marriott International from $255.00 to $265.00 and gave the company a "market perform" rating in a research report on Tuesday, November 5th. Robert W. Baird increased their target price on Marriott International from $258.00 to $264.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Finally, Bank of America upped their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $269.65.

Marriott International Stock Performance

NASDAQ MAR traded down $4.49 during trading on Thursday, reaching $274.45. The company's stock had a trading volume of 1,211,903 shares, compared to its average volume of 1,433,192. Marriott International has a twelve month low of $204.55 and a twelve month high of $295.45. The firm has a market cap of $76.27 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 5.47 and a beta of 1.58. The business's fifty day moving average price is $280.75 and its 200-day moving average price is $253.55.

Marriott International (NASDAQ:MAR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.05). Marriott International had a net margin of 11.18% and a negative return on equity of 177.91%. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.27 billion. During the same period in the previous year, the firm earned $2.11 EPS. The firm's revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Marriott International will post 9.26 EPS for the current fiscal year.

Insider Activity

In other news, insider William P. Brown sold 1,707 shares of Marriott International stock in a transaction dated 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 owns 23,077 shares of the company's stock, valued at $6,560,791.10. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony Capuano sold 8,332 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,815 shares of company stock worth $3,919,739 over the last three months. Corporate insiders own 12.32% of the company's stock.

Institutional Trading of Marriott International

Several institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Marriott International by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,024,187 shares of the company's stock worth $254,613,000 after buying an additional 46,563 shares in the last quarter. National Pension Service raised its position in Marriott International by 11.6% during the third quarter. National Pension Service now owns 719,613 shares of the company's stock valued at $178,896,000 after purchasing an additional 74,832 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Marriott International by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 679,757 shares of the company's stock valued at $164,355,000 after purchasing an additional 33,149 shares in the last quarter. First Pacific Advisors LP increased its stake in shares of Marriott International by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 613,205 shares of the company's stock valued at $148,255,000 after purchasing an additional 12,499 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Marriott International by 8.4% during the 3rd quarter. Janus Henderson Group PLC now owns 613,052 shares of the company's stock worth $152,399,000 after buying an additional 47,551 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.