Robertson Stephens Wealth Management LLC Has $495,000 Position in Marriott International, Inc. (NASDAQ:MAR)

Robertson Stephens Wealth Management LLC reduced its holdings in Marriott International, Inc. (NASDAQ:MAR) by 41.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,775 shares of the company’s stock after selling 1,242 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Marriott International were worth $495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jensen Investment Management Inc. acquired a new position in shares of Marriott International during the 3rd quarter worth about $793,000. BayBridge Capital Group LLC acquired a new position in shares of Marriott International during the 3rd quarter worth about $1,254,000. Sumitomo Mitsui Trust Group Inc. increased its stake 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 worth $140,844,000 after purchasing an additional 2,723 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Marriott International during the 3rd quarter worth about $2,721,000. Finally, Kinsale Capital Group Inc. bought a new stake in shares of Marriott International during the 3rd quarter worth about $3,769,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Marriott International Price Performance

MAR stock opened at $303.97 on Friday. The company has a 50 day simple moving average of $283.64 and a 200 day simple moving average of $260.28. The stock has a market cap of $84.47 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 4.68 and a beta of 1.57. Marriott International, Inc. has a 1 year low of $204.55 and a 1 year high of $307.52.

Insider Buying and Selling

In other Marriott International news, CEO Anthony Capuano sold 8,332 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the completion of the transaction, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This represents a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William P. Brown sold 1,707 shares of the company’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 transaction of $485,300.10. Following the completion of the transaction, the insider now owns 23,077 shares of the company’s stock, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,399 shares of company stock worth $3,529,238 in the last three months. 12.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on MAR. The Goldman Sachs Group lifted their target price on shares of Marriott International from $280.00 to $314.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Argus lifted their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. BMO Capital Markets lifted their target price on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Bank of America boosted their price objective on shares of Marriott International from $275.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Marriott International from $262.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $276.35.

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.