Coastline Trust Co increased its holdings in shares of Wyndham Destinations (NASDAQ:WYND) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 30,050 shares of the company’s stock after purchasing an additional 3,295 shares during the period. Coastline Trust Co’s holdings in Wyndham Destinations were worth $1,303,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in Wyndham Destinations in the 2nd quarter valued at approximately $413,146,000. FMR LLC bought a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $328,935,000. Boston Partners bought a new stake in Wyndham Destinations during the 2nd quarter worth approximately $294,781,000. Iridian Asset Management LLC CT bought a new stake in Wyndham Destinations during the 2nd quarter worth approximately $243,246,000. Finally, LSV Asset Management bought a new stake in Wyndham Destinations during the 2nd quarter worth approximately $111,386,000.
A number of equities research analysts recently commented on WYND shares. TheStreet upgraded Wyndham Destinations from a “c” rating to a “b” rating in a research report on Monday, July 16th. Jefferies Financial Group initiated coverage on Wyndham Destinations in a research report on Monday, July 16th. They issued a “buy” rating and a $65.00 price objective on the stock. Zacks Investment Research upgraded Wyndham Destinations from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Saturday, August 11th. Deutsche Bank set a $58.00 price target on Wyndham Destinations and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, Oppenheimer set a $66.00 price target on Wyndham Destinations and gave the company a “buy” rating in a research note on Thursday, November 1st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Wyndham Destinations currently has a consensus rating of “Buy” and an average target price of $57.50.
Wyndham Destinations (NASDAQ:WYND) last issued its quarterly earnings data on Thursday, November 1st. The company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. The firm’s revenue was up 4.6% on a year-over-year basis.
In other news, Director George Herrera sold 767 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $43.68, for a total value of $33,502.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Dean Brown acquired 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was bought at an average price of $45.20 per share, with a total value of $271,200.00. The disclosure for this purchase can be found here.
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About Wyndham Destinations
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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