Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) have earned an average rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $133.75.
A number of equities research analysts have commented on VAC shares. Instinet started coverage on Marriott Vacations Worldwide in a report on Wednesday, October 25th. They set a “buy” rating and a $151.00 price target on the stock. Zacks Investment Research cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. ValuEngine cut Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Macquarie started coverage on Marriott Vacations Worldwide in a report on Friday, January 5th. They set an “outperform” rating on the stock. Finally, Nomura raised their price target on Marriott Vacations Worldwide from $151.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 3rd.
In other news, VP Michael E. Yonker sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $134.43, for a total value of $336,075.00. Following the sale, the vice president now directly owns 3,128 shares of the company’s stock, valued at $420,497.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Melquiades R. Martinez sold 2,812 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $133.14, for a total value of $374,389.68. Following the completion of the sale, the director now directly owns 445 shares in the company, valued at $59,247.30. The disclosure for this sale can be found here. Insiders sold 15,554 shares of company stock worth $2,113,261 over the last ninety days. Insiders own 3.30% of the company’s stock.
Several hedge funds have recently modified their holdings of VAC. JPMorgan Chase & Co. increased its holdings in shares of Marriott Vacations Worldwide by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after purchasing an additional 77 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Marriott Vacations Worldwide by 13.7% in the second quarter. UBS Asset Management Americas Inc. now owns 13,143 shares of the company’s stock worth $1,548,000 after purchasing an additional 1,581 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Marriott Vacations Worldwide in the second quarter worth about $204,000. Renaissance Technologies LLC increased its holdings in shares of Marriott Vacations Worldwide by 623.5% in the second quarter. Renaissance Technologies LLC now owns 117,200 shares of the company’s stock worth $13,800,000 after purchasing an additional 101,000 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Marriott Vacations Worldwide by 10.8% in the second quarter. HighTower Advisors LLC now owns 2,769 shares of the company’s stock worth $325,000 after purchasing an additional 271 shares during the last quarter. 73.89% of the stock is currently owned by hedge funds and other institutional investors.
Marriott Vacations Worldwide (VAC) opened at $139.25 on Tuesday. The company has a current ratio of 6.64, a quick ratio of 4.65 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $3,690.00, a price-to-earnings ratio of 22.94 and a beta of 1.25. Marriott Vacations Worldwide has a 52-week low of $87.56 and a 52-week high of $154.14.
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Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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