Assenagon Asset Management S.A. Buys 52,722 Shares of Marriott International, Inc. $MAR

Assenagon Asset Management S.A. lifted its stake in shares of Marriott International, Inc. (NASDAQ:MAR) by 17.1% during the second quarter, Holdings Channel reports. The fund owned 360,380 shares of the company’s stock after buying an additional 52,722 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Marriott International were worth $133,553,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Invesco Ltd. boosted its position in shares of Marriott International by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,440,359 shares of the company’s stock worth $1,377,577,000 after purchasing an additional 118,504 shares in the last quarter. Capital International Investors increased its position in Marriott International by 7.1% in the 4th quarter. Capital International Investors now owns 4,107,531 shares of the company’s stock valued at $1,274,475,000 after buying an additional 272,250 shares in the last quarter. Norges Bank acquired a new position in Marriott International during the 4th quarter worth approximately $812,570,000. Price T Rowe Associates Inc. MD boosted its holdings in Marriott International by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,879,028 shares of the company’s stock worth $582,952,000 after acquiring an additional 219,579 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Marriott International by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,619,423 shares of the company’s stock worth $502,410,000 after acquiring an additional 19,387 shares in the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MAR. Sanford C. Bernstein set a $412.00 price objective on Marriott International in a report on Monday, June 15th. JPMorgan Chase & Co. increased their target price on Marriott International from $387.00 to $400.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Robert W. Baird decreased their price target on shares of Marriott International from $394.00 to $393.00 and set a “neutral” rating for the company in a research note on Tuesday. Truist Financial upped their price objective on shares of Marriott International from $350.00 to $356.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Finally, BMO Capital Markets dropped their price objective on shares of Marriott International from $410.00 to $395.00 and set an “outperform” rating on the stock in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $386.65.

Marriott International Price Performance

Shares of MAR stock opened at $359.67 on Friday. The firm has a 50-day moving average of $377.49 and a 200-day moving average of $355.25. Marriott International, Inc. has a one year low of $256.49 and a one year high of $410.98. The company has a market cap of $93.79 billion, a P/E ratio of 37.27, a P/E/G ratio of 2.80 and a beta of 1.10.

Marriott International (NASDAQ:MAR) last released its quarterly earnings results on Monday, August 3rd. The company reported $3.19 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.11. Marriott International had a net margin of 9.62% and a negative return on equity of 75.81%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $7.19 billion. During the same period in the previous year, the company earned $2.65 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Marriott International has set its FY 2026 guidance at 11.640-11.810 EPS and its Q3 2026 guidance at 2.740-2.820 EPS. As a group, research analysts expect that Marriott International, Inc. will post 11.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Marriott International

In other news, EVP Peggy Roe sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $361.56, for a total value of $1,084,680.00. Following the transaction, the executive vice president owned 19,827 shares in the company, valued at $7,168,650.12. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.43% of the stock is owned by insiders.

Marriott International Company 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.