Marriott Vacations Worldwide Insiders Added US$768.6k Of Stock To Their Holdings
Multiple insiders secured a larger position in Marriott Vacations Worldwide Corporation (NYSE:VAC) shares over the last 12 months. This is reassuring as this suggests that insiders have increased optimism about the company's prospects.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for Marriott Vacations Worldwide
The Last 12 Months Of Insider Transactions At Marriott Vacations Worldwide
Over the last year, we can see that the biggest insider purchase was by CEO, President & Director John Geller for US$564k worth of shares, at about US$113 per share. That means that even when the share price was higher than US$88.19 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Marriott Vacations Worldwide insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Marriott Vacations Worldwide is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Marriott Vacations Worldwide Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Marriott Vacations Worldwide insiders own 2.4% of the company, worth about US$71m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Marriott Vacations Worldwide Insiders?
It doesn't really mean much that no insider has traded Marriott Vacations Worldwide shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Marriott Vacations Worldwide and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Marriott Vacations Worldwide. To help with this, we've discovered 3 warning signs (1 can't be ignored!) that you ought to be aware of before buying any shares in Marriott Vacations Worldwide.
But note: Marriott Vacations Worldwide may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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