Wealthedge Investment Advisors LLC Buys Shares of 3,598 Marriott Vacations Worldwide Corporation $VAC

Key Points

• Wealthedge Investment Advisors LLC invested $231,000 in Marriott Vacations Worldwide Corporation (NYSE:VAC), acquiring 3,598 shares in the first quarter.
• Company insider Christian Asmar bought 412,449 shares of Marriott's stock for approximately $27.9 million, increasing his ownership by 12.51%.
• Marriott Vacations Worldwide reported a 9.3% increase in revenue year-over-year, with earnings per share of $1.96 for the latest quarter, surpassing estimates.

Wealthedge Investment Advisors LLC acquired a new position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,598 shares of the company's stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of VAC. Point72 Asset Management L.P. acquired a new position in Marriott Vacations Worldwide in the fourth quarter worth $37,974,000. AQR Capital Management LLC boosted its stake in Marriott Vacations Worldwide by 47.2% in the fourth quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock worth $68,510,000 after purchasing an additional 245,427 shares in the last quarter. Ananym Capital Management LP acquired a new position in Marriott Vacations Worldwide in the fourth quarter worth $21,987,000. Dimensional Fund Advisors LP boosted its stake in Marriott Vacations Worldwide by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company's stock worth $169,110,000 after purchasing an additional 116,854 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Marriott Vacations Worldwide by 63.3% in the fourth quarter. First Trust Advisors LP now owns 286,081 shares of the company's stock worth $25,690,000 after purchasing an additional 110,947 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Insiders Place Their Bets

In related news, Director Christian Asmar bought 412,449 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were purchased at an average price of $67.61 per share, with a total value of $27,885,676.89. Following the completion of the purchase, the director owned 3,708,433 shares of the company's stock, valued at $250,727,155.13. This represents a 12.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

Marriott Vacations Worldwide Trading Down 0.3%

Shares of VAC traded down $0.2510 during trading hours on Thursday, hitting $73.2490. 91,488 shares of the stock traded hands, compared to its average volume of 556,599. 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 Corporation has a 1-year low of $49.22 and a 1-year high of $100.32. The firm has a market capitalization of $2.53 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.10 and a beta of 1.49. The business has a fifty day moving average of $75.89 and a 200-day moving average of $70.54.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VAC shares. Barclays reduced their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Morgan Stanley reissued an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the company a "buy" rating in a research note on Tuesday, August 5th. Mizuho cut their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, The Goldman Sachs Group upped their price target on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a "sell" rating in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of "Hold" and a consensus target price of $92.67.

About Marriott Vacations Worldwide

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.