Stratos Wealth Advisors LLC Sells 618 Shares of Marriott International, Inc. (NASDAQ:MAR)

Stratos Wealth Advisors LLC lowered its position in Marriott International, Inc. (NASDAQ:MAR) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,828 shares of the company’s stock after selling 618 shares during the period. Stratos Wealth Advisors LLC’s holdings in Marriott International were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MAR. PointState Capital LP bought a new stake in shares of Marriott International during the third quarter valued at approximately $98,249,000. Canoe Financial LP bought a new stake in shares of Marriott International during the third quarter valued at approximately $77,331,000. International Assets Investment Management LLC raised its stake in Marriott International by 15,148.3% in the third quarter. International Assets Investment Management LLC now owns 302,527 shares of the company’s stock worth $75,208,000 after buying an additional 300,543 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Marriott International by 341.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 381,226 shares of the company’s stock worth $106,339,000 after buying an additional 294,898 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its stake in Marriott International by 629.7% in the third quarter. Mizuho Securities USA LLC now owns 134,973 shares of the company’s stock worth $33,554,000 after buying an additional 116,477 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MAR shares. Jefferies Financial Group boosted their price objective on shares of Marriott International from $251.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. BMO Capital Markets boosted their price objective on shares of Marriott International from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Robert W. Baird lifted their price target on shares of Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Truist Financial lifted their price target on shares of Marriott International from $254.00 to $277.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Marriott International has an average rating of “Hold” and a consensus price target of $276.35.

Insiders Place Their Bets

In other news, CFO Kathleen K. Oberg sold 2,360 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $285.41, for a total transaction of $673,567.60. Following the sale, the chief financial officer now directly owns 39,726 shares of the company’s stock, valued at $11,338,197.66. This represents a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total transaction 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 $30,827,620.89. This represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,399 shares of company stock valued at $3,529,238. Company insiders own 12.32% of the company’s stock.

Marriott International Stock Performance

Shares of MAR opened at $303.97 on Friday. The business’s 50-day moving average is $283.64 and its two-hundred day moving average is $260.28. The company has a market capitalization of $84.47 billion, a P/E ratio of 31.80, a P/E/G ratio of 4.68 and a beta of 1.57. Marriott International, Inc. has a fifty-two week low of $204.55 and a fifty-two week high of $307.52.

Marriott International 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.