A company insider recently sold 13,987 shares of Marriott International Inc. [MAR]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Marriott International Inc. shares valued at $2,220,716 were sold by HIPPEAU ERIC on Sep 08. At $158.77 per share, HIPPEAU ERIC sold 13,987 shares. The insider’s holdings dropped to 14,461 shares worth approximately $2.14 million following the completion of this transaction.

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Also, LEE DEBRA L sold 2,145 shares, netting a total of over 367,436 in proceeds. Following the sale of shares at $171.30 each, the insider now holds 1,224 shares.

Before that, Smith Craig S. had sold 3,647 shares from its account. In a trade valued at $674,695, the Group President traded Marriott International Inc. shares for $185.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,647 shares, worth approximately $2.85 million.

As published in a research note from Berenberg on September 15, 2022, Marriott International Inc. [MAR] has been rated up from a Hold to a Buy and the price target has been revised to $185 from $165. This represents a 19.91% premium over Wednesday’s closing price. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of June 29, 2022, Barclays has initiated its “an Overweight” rating for MAR. Earlier on February 16, 2022, Truist resumed its rating. Their recommendation was “a Hold” for MAR stock.

Analyzing MAR’s Price Performance

On Wednesday, Marriott International Inc. [NASDAQ: MAR] plunged -5.63% to $148.17. The stock’s lowest price that day was $148.145, but it reached a high of $156.50 in the same session. During the last five days, there has been a drop of approximately -8.84%. Over the course of the year, Marriott International Inc. shares have dropped approximately -10.33%. Shares of the company reached a 52-week high of $195.90 on 04/21/22 and a 52-week low of $131.01 on 06/23/22. A 50-day SMA is recorded $156.65, while a 200-day SMA reached $161.82. Nevertheless, trading volume fell to 3.26 million shares from 2.1 million shares the previous day.

Support And Resistance Levels for Marriott International Inc. (MAR)

According to the 24-hour chart, there is a support level at 145.38, which, if violated, would cause prices to drop to 142.58. In the upper region, resistance lies at 153.73. The next price resistance is at 159.29. RSI (Relative Strength Index) is 38.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.25, which suggests the price will decrease in the coming days. Percent R is at 99.86%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Marriott International Inc. subject to short interest?

Stocks of Marriott International Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.57 million shares to 6.36 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.93 million shares. A decline of -8.96% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.53 of the overall float, the days-to-cover ratio (short ratio) decline to 2.53.

Which companies own the most shares of Marriott International Inc. (MAR)?

According to The Vanguard Group, Inc. filings, the company currently owns 21,353,698 shares, which is about 6.58% of the total MAR shares outstanding. The investor’s shares have appreciated by 980,032 from its previous 13-F filing of 20373666.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $1,776,041,685. BlackRock Fund Advisors acquire a 1.19% interest valued at $1.72 billion while SSgA Funds Management, Inc. sold a -944,392 stake. A total of -91,500 shares of Marriott International Inc. were sold by Eagle Capital Management LLC during the quarter, and -350,369 were sold by Massachusetts Financial Services. In its current portfolio, JPMorgan Investment Management, I holds 6,062,396 shares valued at $932.03 million.

In terms of Marriott International Inc. share price expectations, FactSet research, analysts set an average price target of $171.53 in the next 12 months, up nearly 8.27% from the previous closing price of $157.01. Analysts anticipate Marriott International Inc. stock to reach $190.00 by 2022, with the lowest price target being $151.00. In spite of this, 20 analysts ranked Marriott International Inc. stock as an Overweight at the end of 2022. On February 16, 2022, Loop Capital assigned a price target of “a Hold” to the stock and reiterated coverage with a $170.


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