Entropy Technologies LP Makes New $2.37 Million Investment in Marriott International, Inc. (NASDAQ:MAR)

Entropy Technologies LP bought a new stake in Marriott International, Inc. (NASDAQ:MAR) in the 4th quarter, Holdings Channel reports. The firm bought 8,500 shares of the company’s stock, valued at approximately $2,371,000.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its stake in shares of Marriott International by 494.4% during the 4th quarter. Sound Income Strategies LLC now owns 107 shares of the company’s stock worth $30,000 after acquiring an additional 89 shares during the period. Silvant Capital Management LLC bought a new position in Marriott International during the third quarter worth $31,000. Darwin Wealth Management LLC bought a new position in shares of Marriott International in the third quarter valued at about $33,000. Heck Capital Advisors LLC acquired a new stake in shares of Marriott International during the 4th quarter worth about $38,000. Finally, ORG Partners LLC grew its stake in Marriott International by 158.5% in the 4th quarter. ORG Partners LLC now owns 137 shares of the company’s stock valued at $38,000 after buying an additional 84 shares during the last quarter. 70.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider William P. Brown sold 1,707 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $284.30, for a total transaction of $485,300.10. Following the completion of the transaction, the insider now directly owns 23,077 shares in the company, valued at approximately $6,560,791.10. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony Capuano sold 8,332 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $284.49, for a total value of $2,370,370.68. Following the sale, the chief executive officer now directly owns 108,361 shares in the company, valued at approximately $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. 12.32% of the stock is owned by corporate insiders.

Marriott International Trading Up 0.3 %

Shares of NASDAQ MAR opened at $303.97 on Monday. The stock has a 50-day moving average price of $283.94 and a two-hundred day moving average price of $260.83. Marriott International, Inc. has a 12 month low of $204.55 and a 12 month high of $307.52. The company has a market cap of $84.47 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 4.88 and a beta of 1.57.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MAR shares. Robert W. Baird boosted their price objective on Marriott International from $258.00 to $264.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. BMO Capital Markets upped their price objective on Marriott International from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Macquarie reissued a “neutral” rating and set a $245.00 target price on shares of Marriott International in a report on Tuesday, November 5th. Barclays raised their price target on shares of Marriott International from $249.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Argus increased their target price on shares of Marriott International from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $276.35.

About Marriott International

Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.