World Asset Management Inc Buys Shares of 6,082 Wyndham Destinations (NASDAQ:WYND)

World Asset Management Inc bought a new stake in Wyndham Destinations (NASDAQ:WYND) during the second quarter, Holdings Channel.com reports. The institutional investor bought 6,082 shares of the company’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC purchased a new stake in Wyndham Destinations during the first quarter worth about $133,991,000. First Eagle Investment Management LLC purchased a new stake in Wyndham Destinations during the first quarter worth about $68,653,000. Neuberger Berman Group LLC purchased a new stake in Wyndham Destinations during the first quarter worth about $36,396,000. Factory Mutual Insurance Co. purchased a new stake in Wyndham Destinations during the second quarter worth about $16,344,000. Finally, OppenheimerFunds Inc. purchased a new stake in Wyndham Destinations during the first quarter worth about $13,773,000.

Shares of WYND stock traded down $0.61 during trading hours on Tuesday, reaching $39.74. 39,906 shares of the stock were exchanged, compared to its average volume of 816,688. The stock has a fifty day moving average price of $44.90. Wyndham Destinations has a 12-month low of $33.55 and a 12-month high of $49.75.

Wyndham Destinations (NASDAQ:WYND) last released its earnings results on Tuesday, July 30th. The company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis.

A number of analysts have issued reports 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 research note on Saturday. SunTrust Banks set a $75.00 price target on shares of Wyndham Destinations and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Nomura boosted their price target on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $56.46.

In related news, Director Stephen P. Holmes sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $43.89, for a total value of $2,194,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Herrera sold 757 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $41.12, for a total value of $31,127.84. The disclosure for this sale can be found here.

Wyndham Destinations Company Profile

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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Institutional Ownership by Quarter for Wyndham Destinations (NASDAQ:WYND)

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