Marriott Vacations Worldwide (NYSE:VAC) Upgraded to Hold at Wall Street Zen

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

VAC has been the subject of a number of other research reports. Barclays reduced their price objective on Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Citizens Jmp reduced their price target on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. The Goldman Sachs Group lowered their price target on Marriott Vacations Worldwide from $63.00 to $54.00 and set a “sell” rating for the company in a research report on Tuesday, November 11th. Morgan Stanley reissued an “underweight” rating and set a $52.00 price objective (down from $70.00) on shares of Marriott Vacations Worldwide in a research report on Friday, January 16th. Finally, Truist Financial reduced their price objective on shares of Marriott Vacations Worldwide from $127.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $61.13.

Marriott Vacations Worldwide Trading Up 1.2%

NYSE:VAC opened at $53.97 on Friday. The firm has a market capitalization of $1.87 billion, a P/E ratio of 12.10, a PEG ratio of 1.32 and a beta of 1.33. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22. Marriott Vacations Worldwide has a one year low of $44.58 and a one year high of $91.18. The company’s 50-day simple moving average is $57.80 and its 200 day simple moving average is $64.05.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, Director Lizanne Galbreath bought 5,500 shares of the stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of $46.51 per share, for a total transaction of $255,805.00. Following the purchase, the director owned 25,714 shares of the company’s stock, valued at approximately $1,195,958.14. The trade was a 27.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonice M. Gray purchased 1,100 shares of Marriott Vacations Worldwide stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $54.47 per share, with a total value of $59,917.00. Following the completion of the purchase, the director directly owned 13,205 shares of the company’s stock, valued at approximately $719,276.35. This trade represents a 9.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 96,209 shares of company stock worth $4,573,353. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company’s stock valued at $195,730,000 after buying an additional 234,105 shares during the period. Dimensional Fund Advisors LP increased its position in Marriott Vacations Worldwide by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,950,309 shares of the company’s stock valued at $129,820,000 after acquiring an additional 54,285 shares during the last quarter. Senvest Management LLC lifted its holdings in Marriott Vacations Worldwide by 19.4% in the second quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock valued at $131,316,000 after acquiring an additional 294,937 shares during the period. Geode Capital Management LLC boosted its position in Marriott Vacations Worldwide by 37.4% in the second quarter. Geode Capital Management LLC now owns 788,879 shares of the company’s stock worth $57,051,000 after purchasing an additional 214,629 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Marriott Vacations Worldwide by 11.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 705,629 shares of the company’s stock worth $46,967,000 after purchasing an additional 69,652 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.