Wall Street Zen Upgrades Marriott Vacations Worldwide (NYSE:VAC) to Hold

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages have also commented on VAC. Wells Fargo & Company assumed coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, November 18th. They set an “underweight” rating and a $37.00 price target on the stock. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a report on Friday, November 14th. Zacks Research lowered Marriott Vacations Worldwide from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. The Goldman Sachs Group reduced their price target on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating for the company in a research report on Tuesday, November 11th. Finally, Stifel Nicolaus set a $83.00 price objective on Marriott Vacations Worldwide in a report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $61.13.

Marriott Vacations Worldwide Stock Up 1.2%

VAC opened at $53.97 on Friday. Marriott Vacations Worldwide has a fifty-two week low of $44.58 and a fifty-two week high of $91.18. The business has a 50-day moving average of $57.80 and a 200-day moving average of $63.82. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22. The company has a market capitalization of $1.87 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.34 and a beta of 1.33.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, Director Christian Asmar purchased 84,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was bought at an average cost of $47.44 per share, for a total transaction of $3,984,960.00. Following the completion of the acquisition, the director directly owned 4,130,340 shares in the company, valued at $195,943,329.60. This represents a 2.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Mccarten bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average cost of $48.08 per share, for a total transaction of $240,400.00. Following the transaction, the director directly owned 13,708 shares of the company’s stock, valued at $659,080.64. This trade represents a 57.42% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 96,209 shares of company stock worth $4,573,353. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. bought a new position in Marriott Vacations Worldwide during the third quarter valued at about $25,000. Hantz Financial Services Inc. grew its holdings in shares of Marriott Vacations Worldwide by 627.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock worth $28,000 after purchasing an additional 339 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $27,000. Assetmark Inc. increased its position in shares of Marriott Vacations Worldwide by 90.6% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $31,000 after purchasing an additional 203 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Marriott Vacations Worldwide by 79.8% in the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock valued at $34,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.