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

Robertson Stephens Wealth Management LLC cut its position in shares of Marriott International, Inc. (NASDAQ:MAR) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,775 shares of the company’s stock after selling 1,242 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Marriott International were worth $495,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC increased its position in shares of Marriott International by 494.4% during the fourth quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after buying an additional 89 shares during the period. Silvant Capital Management LLC bought a new position in Marriott International during the third quarter worth $31,000. Darwin Wealth Management LLC bought a new position in Marriott International during the third quarter worth $33,000. ORG Partners LLC boosted its stake in Marriott International by 158.5% during the fourth quarter. ORG Partners LLC now owns 137 shares of the company’s stock worth $38,000 after acquiring an additional 84 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in Marriott International during the fourth quarter worth $38,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAR has been the topic of several research analyst reports. BMO Capital Markets increased their target price 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. increased their target price on shares of Marriott International from $251.00 to $269.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays raised their price objective on shares of Marriott International from $249.00 to $286.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $245.00 price objective on shares of Marriott International in a research note on Tuesday, November 5th. Thirteen analysts have rated the stock with a hold rating and seven 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 target price of $276.35.

Marriott International Price Performance

Shares of MAR stock opened at $303.97 on Friday. Marriott International, Inc. has a one year low of $204.55 and a one year high of $307.52. The firm has a 50-day moving average of $283.64 and a 200-day moving average of $260.28. The company has a market cap 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.

Insider Buying and Selling

In related news, insider William P. Brown sold 1,707 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 23,077 shares in the company, valued at approximately $6,560,791.10. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Anthony Capuano sold 8,332 shares of Marriott International stock in a transaction dated Tuesday, November 12th. The stock was 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 owns 108,361 shares of the company’s stock, valued at $30,827,620.89. The trade was a 7.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,399 shares of company stock worth $3,529,238. Insiders own 12.32% of the company’s stock.

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.