Financial Advisory Partners LLC purchased a new stake in Marriott Vacations Worldwide Corporation (NYSE:VAC – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 7,444 shares of the company’s stock, valued at approximately $758,000.
A number of other institutional investors also recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth about $27,000. IFP Advisors Inc raised its position in shares of Marriott Vacations Worldwide by 1,828.0% during the 3rd quarter. IFP Advisors Inc now owns 482 shares of the company’s stock worth $32,000 after acquiring an additional 457 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth about $35,000. Kestra Advisory Services LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 4th quarter worth about $37,000. Finally, International Assets Investment Management LLC lifted its stake in Marriott Vacations Worldwide by 877.2% during the first quarter. International Assets Investment Management LLC now owns 557 shares of the company’s stock worth $38,000 after purchasing an additional 500 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.
Marriott Vacations Worldwide Stock Up 3.1%
Marriott Vacations Worldwide stock opened at $118.47 on Thursday. The company has a market capitalization of $4.07 billion, a P/E ratio of -12.16, a PEG ratio of 2.14 and a beta of 1.23. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56. Marriott Vacations Worldwide Corporation has a fifty-two week low of $44.58 and a fifty-two week high of $131.34. The stock has a 50-day simple moving average of $99.31 and a 200-day simple moving average of $78.84.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on VAC. Mizuho set a $103.00 price target on Marriott Vacations Worldwide in a report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and set a $132.00 price objective on shares of Marriott Vacations Worldwide in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $134.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Finally, Morgan Stanley increased their target price on shares of Marriott Vacations Worldwide from $51.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.30.
Marriott Vacations Worldwide Profile
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.
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