E Fund Management Co. Ltd. Boosts Position in Marriott International, Inc. (NASDAQ:MAR)

E Fund Management Co. Ltd. raised its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,556 shares of the company’s stock after purchasing an additional 1,960 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Marriott International were worth $3,283,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in Marriott International by 16.1% in the 3rd quarter. FMR LLC now owns 8,634,610 shares of the company’s stock worth $1,697,219,000 after purchasing an additional 1,194,665 shares in the last quarter. Morgan Stanley grew its holdings in Marriott International by 1.4% during the 3rd quarter. Morgan Stanley now owns 4,711,029 shares of the company’s stock valued at $926,000,000 after buying an additional 63,411 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Marriott International by 34.8% during the 4th quarter. Jennison Associates LLC now owns 4,547,098 shares of the company’s stock worth $1,025,416,000 after acquiring an additional 1,173,028 shares in the last quarter. Invesco Ltd. boosted its position in shares of Marriott International by 1.8% during the 3rd quarter. Invesco Ltd. now owns 2,734,680 shares of the company’s stock valued at $537,529,000 after acquiring an additional 48,872 shares during the last quarter. Finally, Northern Trust Corp increased its position in Marriott International by 0.5% in the third quarter. Northern Trust Corp now owns 2,461,649 shares of the company’s stock worth $483,862,000 after purchasing an additional 12,901 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.

Marriott International Stock Performance

Marriott International stock traded up $2.19 during midday trading on Thursday, hitting $237.54. 1,222,369 shares of the company’s stock were exchanged, compared to its average volume of 1,440,834. Marriott International, Inc. has a 12 month low of $165.13 and a 12 month high of $260.57. The company has a market cap of $67.85 billion, a PE ratio of 24.51, a P/E/G ratio of 4.44 and a beta of 1.61. The firm has a 50-day moving average of $246.62 and a two-hundred day moving average of $229.54.

Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, May 1st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.95 billion. Marriott International had a net margin of 12.00% and a negative return on equity of 376.88%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $2.09 EPS. As a group, equities analysts expect that Marriott International, Inc. will post 9.5 earnings per share for the current year.

Insider Activity

In other news, insider Satyajit Anand sold 2,749 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $251.93, for a total transaction of $692,555.57. Following the completion of the sale, the insider now owns 24,478 shares in the company, valued at approximately $6,166,742.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Satyajit Anand sold 2,749 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $251.93, for a total transaction of $692,555.57. Following the transaction, the insider now owns 24,478 shares in the company, valued at $6,166,742.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kathleen K. Oberg sold 47,109 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $242.71, for a total transaction of $11,433,825.39. Following the sale, the chief financial officer now directly owns 20,036 shares in the company, valued at approximately $4,862,937.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,003 shares of company stock worth $30,435,493. Corporate insiders own 10.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAR. Argus lifted their price objective on shares of Marriott International from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Robert W. Baird upped their price objective on Marriott International from $248.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Mizuho boosted their target price on Marriott International from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. UBS Group lifted their price objective on shares of Marriott International from $210.00 to $259.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Barclays raised their target price on shares of Marriott International from $239.00 to $240.00 and gave the stock an “equal weight” rating in a report on Friday, April 19th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $241.33.

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, and City Express by Marriott brand names, as well as operates residences, timeshares, and yachts.