Wyndham Destinations (NASDAQ:WYND) Trading Up 5%
Wyndham Destinations (NASDAQ:WYND)’s stock price was up 5% during trading on Tuesday . The company traded as high as $42.68 and last traded at $42.59, approximately 1,281,694 shares traded hands during trading. An increase of 58% from the average daily volume of 813,699 shares. The stock had previously closed at $40.55.
A number of equities analysts have recently commented on WYND shares. Zacks Investment Research upgraded shares of Wyndham Destinations from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Saturday, August 3rd. SunTrust Banks set a $75.00 price target on shares of Wyndham Destinations and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Nomura lifted their price target on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $56.46.
The business’s 50 day moving average is $43.90 and its two-hundred day moving average is $43.29.
In related news, Director George Herrera sold 757 shares of Wyndham Destinations stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $41.12, for a total transaction of $31,127.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Dean Brown bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $40.16 per share, with a total value of $200,800.00. The disclosure for this purchase can be found here.
A number of hedge funds and other institutional investors have recently made changes to their positions in WYND. BlackRock Inc. bought a new position in Wyndham Destinations during the second quarter worth $406,681,000. Iridian Asset Management LLC CT bought a new stake in Wyndham Destinations in the second quarter valued at $310,725,000. Investec Asset Management LTD bought a new stake in Wyndham Destinations in the second quarter valued at $179,747,000. FMR LLC bought a new stake in Wyndham Destinations in the first quarter valued at $133,991,000. Finally, LSV Asset Management bought a new stake in Wyndham Destinations in the second quarter valued at $130,092,000.
About Wyndham Destinations (NASDAQ:WYND)
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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