ING Groep NV Purchases Shares of 35,900 Wyndham Hotels & Resorts, Inc. (NYSE:WH)

ING Groep NV acquired a new position in Wyndham Hotels & Resorts, Inc. (NYSE:WH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,900 shares of the company’s stock, valued at approximately $3,618,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WH. Creative Planning raised its holdings in shares of Wyndham Hotels & Resorts by 11.1% in the third quarter. Creative Planning now owns 12,959 shares of the company’s stock valued at $1,013,000 after purchasing an additional 1,294 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Wyndham Hotels & Resorts in the 3rd quarter worth about $680,000. International Assets Investment Management LLC increased its stake in Wyndham Hotels & Resorts by 6,887.1% in the 3rd quarter. International Assets Investment Management LLC now owns 66,028 shares of the company’s stock valued at $5,159,000 after buying an additional 65,083 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Wyndham Hotels & Resorts by 1.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,176 shares of the company’s stock valued at $717,000 after buying an additional 175 shares during the last quarter. Finally, Concord Wealth Partners lifted its position in shares of Wyndham Hotels & Resorts by 115.5% during the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company’s stock worth $42,000 after buying an additional 291 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WH has been the subject of several recent analyst reports. Robert W. Baird upped their target price on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Barclays upped their price objective on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Stifel Nicolaus lifted their target price on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Jefferies Financial Group boosted their price target on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.80.

Wyndham Hotels & Resorts Price Performance

WH opened at $108.94 on Friday. The firm has a 50-day moving average price of $104.09 and a 200-day moving average price of $91.87. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $113.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 1.87 and a beta of 1.29.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. Equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current year.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the following segments: Hotel Franchising, Hotel Management, and Corporate and Other. The Hotel Franchising segment focuses on licensing the company’s lodging brands and providing related services to third-party hotel owners and others.