Long Pond Capital LP Buys New Stake in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Long Pond Capital LP has acquired a new stake in Marriott Vacations Worldwide Corporation (NYSE: VAC), purchasing 180,091 shares valued at approximately $11.57 million, accounting for 0.8% of its investment portfolio.
• The company's stock reported earnings of $1.96 EPS for the recent quarter, surpassing analysts' expectations, with revenue rising 9.3% year-over-year.
• Marriott Vacations Worldwide's market capitalization is $2.75 billion with a current price of $79.39 per share, amidst varied price targets from analysts ranging from $55 to $112.

Long Pond Capital LP acquired a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 180,091 shares of the company's stock, valued at approximately $11,569,000. Marriott Vacations Worldwide accounts for 0.8% of Long Pond Capital LP's investment portfolio, making the stock its 29th biggest position. Long Pond Capital LP owned about 0.52% of Marriott Vacations Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after acquiring an additional 228 shares during the last quarter. Investment Advisory Group LLC acquired a new position in Marriott Vacations Worldwide during the first quarter worth approximately $31,000. True Wealth Design LLC grew its stake in Marriott Vacations Worldwide by 35.2% during the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock worth $53,000 after buying an additional 155 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Marriott Vacations Worldwide in the first quarter valued at $53,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $89,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Price Performance

Shares of Marriott Vacations Worldwide stock opened at $79.39 on Monday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.16 and a beta of 1.49. Marriott Vacations Worldwide Corporation has a 1-year low of $49.22 and a 1-year high of $100.32. The firm has a fifty day simple moving average of $76.32 and a 200-day simple moving average of $70.22. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the company earned $1.10 EPS. The business's quarterly revenue was up 9.3% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, sell-side analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Insider Activity

In related news, Director Christian Asmar acquired 337,551 shares of the stock in a transaction on Wednesday, June 18th. The stock was purchased at an average price of $68.11 per share, for a total transaction of $22,990,598.61. Following the transaction, the director owned 4,045,984 shares of the company's stock, valued at $275,571,970.24. The trade was a 9.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Mizuho cut their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus set a $101.00 price target on shares of Marriott Vacations Worldwide and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Barclays dropped their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and an average price target of $90.50.

Marriott Vacations Worldwide Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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