Capital Investment Advisory Services LLC Sells 2,286 Shares of Marriott International, Inc. $MAR

Capital Investment Advisory Services LLC lowered its holdings in shares of Marriott International, Inc. (NASDAQ:MAR) by 53.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,022 shares of the company’s stock after selling 2,286 shares during the period. Capital Investment Advisory Services LLC’s holdings in Marriott International were worth $527,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AlphaQuest LLC boosted its holdings in Marriott International by 2,750.0% during the second quarter. AlphaQuest LLC now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. Addison Advisors LLC bought a new stake in Marriott International in the second quarter valued at $34,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International during the second quarter valued at $37,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Marriott International in the 2nd quarter worth about $38,000. Finally, Quaker Wealth Management LLC increased its position in shares of Marriott International by 203.4% during the 2nd quarter. Quaker Wealth Management LLC now owns 150 shares of the company’s stock worth $41,000 after purchasing an additional 295 shares in the last quarter. 70.70% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Felitia Lee sold 1,617 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $305.98, for a total value of $494,769.66. Following the transaction, the chief accounting officer directly owned 4,893 shares in the company, valued at $1,497,160.14. This trade represents a 24.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peggy Roe sold 2,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $292.12, for a total value of $584,240.00. Following the completion of the sale, the executive vice president owned 17,466 shares of the company’s stock, valued at $5,102,167.92. This represents a 10.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 74,490 shares of company stock valued at $21,756,389 in the last 90 days. 10.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Marriott International in a research note on Tuesday, November 18th. They set an “overweight” rating and a $329.00 price objective on the stock. The Goldman Sachs Group raised Marriott International from a “neutral” rating to a “buy” rating and raised their price target for the company from $288.00 to $345.00 in a report on Monday, December 15th. Sanford C. Bernstein boosted their price objective on Marriott International from $329.00 to $369.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Marriott International in a research note on Thursday, January 22nd. Finally, Evercore upped their price target on shares of Marriott International from $320.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $316.19.

Marriott International Stock Up 2.1%

Marriott International stock opened at $333.24 on Friday. The business’s 50-day simple moving average is $313.17 and its 200 day simple moving average is $285.64. The stock has a market cap of $89.42 billion, a price-to-earnings ratio of 35.19, a P/E/G ratio of 2.92 and a beta of 1.13. Marriott International, Inc. has a 12-month low of $205.40 and a 12-month high of $333.96.

Marriott International Profile

Marriott International is a global lodging company that develops, manages and franchises a broad portfolio of hotels and related lodging facilities. Its core activities include hotel and resort management, franchise operations, property development and the provision of centralized services such as reservations, marketing and loyalty program management. The company’s brand architecture spans market segments from luxury and premium to select-service and extended-stay, enabling it to serve a wide range of business and leisure travelers as well as corporate and group customers.

The company traces its roots to the hospitality business founded by J.