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Marriott's president of EMEA sells $563,475 in stock

Published 09/12/2024, 23:36
Marriott's president of EMEA sells $563,475 in stock
MAR
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Following this sale, Satyajit holds 22,559 shares of Marriott's Class A Common Stock. Additionally, he retains 5,274 restricted stock units. These transactions reflect Satyajit's ongoing management of his equity holdings in the company, which currently has a market capitalization of approximately $79.7 billion. For deeper insights into insider transactions and comprehensive analysis, InvestingPro subscribers can access detailed Pro Research Reports covering 1,400+ top stocks, including Marriott International (NASDAQ:MAR).

Following this sale, Satyajit holds 22,559 shares of Marriott's Class A Common Stock. Additionally, he retains 5,274 restricted stock units. These transactions reflect Satyajit's ongoing management of his equity holdings in the company, which currently has a market capitalization of approximately $79.7 billion. For deeper insights into insider transactions and comprehensive analysis, InvestingPro subscribers can access detailed Pro Research Reports covering 1,400+ top stocks, including Marriott International.

In other recent news, Marriott International has seen a series of financial adjustments and projections from various analyst firms. Truist Securities raised its price target for Marriott, maintaining a Hold rating, while adjusting the company's projected earnings for 2024 and 2025. BofA Securities also increased its price target for Marriott, maintaining a Neutral rating, and revised its operating assumptions based on the company's third-quarter 2024 results.

TD Cowen maintained a Buy rating on Marriott but reduced the stock's price target, reflecting the company's third-quarter performance and future expectations. BMO Capital Markets increased Marriott's price target and maintained a Market Perform rating, highlighting the company's cost-saving initiatives aimed at 2025. Mizuho (NYSE:MFG) Securities raised its price target for Marriott, maintaining a Neutral rating, and expects an improvement in fee growth in 2025.

These are recent developments that investors might find significant as they reflect the financial landscape of Marriott International. The company has seen a series of financial adjustments, projections, and ratings from different analyst firms, indicating a varied perspective on its future performance. However, all analysts agree on the importance of Marriott's earnings and revenue results, pointing out the company's cost-saving initiatives and projected growth as significant factors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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