Marriott International (NASDAQ:MAR) Given New $314.00 Price Target at The Goldman Sachs Group

Marriott International (NASDAQ:MAR - Get Free Report) had its target price raised by research analysts at The Goldman Sachs Group from $280.00 to $314.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's price target indicates a potential upside of 9.15% from the stock's previous close.

Several other brokerages also recently commented on MAR. Evercore ISI increased their price objective on Marriott International from $245.00 to $270.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Mizuho increased their price target on Marriott International from $233.00 to $246.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Barclays lifted their price objective on shares of Marriott International from $240.00 to $249.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. UBS Group dropped their price target on shares of Marriott International from $267.00 to $244.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus upped their price objective on shares of Marriott International from $252.00 to $283.00 and gave the stock a "hold" rating in a research report on Tuesday, November 26th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Marriott International presently has an average rating of "Hold" and an average price target of $263.70.

Marriott International Price Performance

Shares of Marriott International stock traded up $0.70 during midday trading on Tuesday, reaching $287.67. The company had a trading volume of 866,702 shares, compared to its average volume of 1,452,852. The firm has a market cap of $79.94 billion, a PE ratio of 30.09, a P/E/G ratio of 5.76 and a beta of 1.58. The stock has a fifty day moving average price of $271.61 and a 200 day moving average price of $247.38. Marriott International has a fifty-two week low of $204.55 and a fifty-two week high of $295.45.

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 analysts' consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Marriott International will post 9.26 EPS for the current year.

Insider Buying and Selling at Marriott International

In related news, CFO Kathleen K. Oberg sold 2,360 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $285.41, for a total value of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares in the company, valued at approximately $11,338,197.66. The trade was a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William P. Brown sold 1,707 shares of the firm'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 transaction, the insider now owns 23,077 shares of the company's stock, valued at $6,560,791.10. This represents a 6.89 % 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 valued at $3,919,739 over the last ninety days. 12.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jensen Investment Management Inc. purchased a new position in Marriott International in the third quarter worth about $793,000. BayBridge Capital Group LLC purchased a new position in shares of Marriott International in the 3rd quarter worth approximately $1,254,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Marriott International by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 566,548 shares of the company's stock valued at $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Kinsale Capital Group Inc. bought a new stake in Marriott International in the third quarter worth $3,769,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Marriott International during the second quarter worth $3,844,000. 70.70% of the stock is owned by hedge funds and other institutional investors.

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.