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

Key Points

• Assenagon Asset Management increased its Marriott stake by 17.1% in the second quarter, purchasing 52,722 shares to hold 360,380 shares valued at approximately $133.6 million. Institutional investors collectively own 70.7% of Marriott.
• Analyst sentiment remains positive but mixed, with Marriott carrying a “Moderate Buy” consensus rating and an average price target of $386.65; individual targets range from $348 to $412.
• Marriott reported quarterly EPS of $3.19, exceeding the $3.08 consensus estimate, while revenue rose 4.8% year over year. The stock opened at $359.67, below its 52-week high of $410.98.

Assenagon Asset Management S.A. boosted its stake in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 17.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,380 shares of the company's stock after purchasing an additional 52,722 shares during the period. Assenagon Asset Management S.A. owned about 0.14% of Marriott International worth $133,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAR. 55 North Private Wealth LLC boosted its holdings in shares of Marriott International by 11.0% during the 2nd quarter. 55 North Private Wealth LLC now owns 967 shares of the company's stock valued at $358,000 after acquiring an additional 96 shares in the last quarter. Foster Group Inc. increased its holdings in Marriott International by 7.9% in the 2nd quarter. Foster Group Inc. now owns 890 shares of the company's stock worth $330,000 after purchasing an additional 65 shares in the last quarter. Inspirion Wealth Advisors LLC acquired a new position in Marriott International in the 2nd quarter worth about $571,000. GAMMA Investing LLC raised its position in Marriott International by 12.0% in the second quarter. GAMMA Investing LLC now owns 6,504 shares of the company's stock valued at $2,410,000 after purchasing an additional 696 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of Marriott International during the second quarter valued at about $1,068,000. Institutional investors own 70.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAR. Morgan Stanley upped their price objective on Marriott International from $353.00 to $380.00 and gave the company an "overweight" rating in a research note on Friday, July 17th. Barclays cut their target price on shares of Marriott International from $379.00 to $348.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Weiss Ratings restated a "buy (b)" rating on shares of Marriott International in a research report on Monday, May 11th. Susquehanna raised their price target on shares of Marriott International from $280.00 to $385.00 and gave the company a "neutral" rating in a research note on Thursday, April 23rd. Finally, Sanford C. Bernstein set a $412.00 price objective on shares of Marriott International in a research note on Monday, June 15th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $386.65.

Marriott International Stock Performance

NASDAQ:MAR opened at $359.67 on Friday. Marriott International, Inc. has a fifty-two week low of $256.49 and a fifty-two week high of $410.98. The company has a 50 day simple moving average of $377.49 and a two-hundred day simple moving average of $355.25. The company has a market capitalization of $93.79 billion, a PE ratio of 37.27, a P/E/G ratio of 2.80 and a beta of 1.10.

Marriott International (NASDAQ:MAR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $3.19 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the firm posted $2.65 EPS. The company's quarterly revenue was up 4.8% on a year-over-year basis. 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. Research analysts predict that Marriott International, Inc. will post 11.7 EPS for the current year.

Insider Buying and Selling

In other Marriott International news, EVP Peggy Roe sold 3,000 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $361.56, for a total transaction of $1,084,680.00. Following the completion of the sale, the executive vice president directly owned 19,827 shares in the company, valued at approximately $7,168,650.12. This trade represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.43% of the company's stock.

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.

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