Voya Investment Management LLC lessened its holdings in Travel + Leisure Co. (NYSE:TNL) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,565 shares of the company’s stock after selling 1,830 shares during the period. Voya Investment Management LLC owned 0.08% of Travel + Leisure worth $3,739,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of TNL. AdvisorNet Financial Inc bought a new stake in Travel + Leisure in the 3rd quarter valued at $27,000. Hanson & Doremus Investment Management bought a new stake in Travel + Leisure in the 3rd quarter valued at $27,000. Evolution Wealth Advisors LLC raised its stake in Travel + Leisure by 140.5% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 606 shares of the company’s stock valued at $33,000 after acquiring an additional 354 shares during the period. Dark Forest Capital Management LP bought a new stake in Travel + Leisure in the 3rd quarter valued at $40,000. Finally, FMR LLC raised its stake in Travel + Leisure by 383.9% in the 2nd quarter. FMR LLC now owns 692 shares of the company’s stock valued at $41,000 after acquiring an additional 549 shares during the period. Institutional investors and hedge funds own 86.77% of the company’s stock.
A number of research firms recently weighed in on TNL. Truist Financial increased their price target on Travel + Leisure from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 16th. Credit Suisse Group decreased their price objective on Travel + Leisure from $78.00 to $76.00 and set an “outperform” rating on the stock in a report on Thursday, October 28th. Zacks Investment Research lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. Finally, Stifel Nicolaus upped their price objective on Travel + Leisure from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $71.00.
In other news, insider Geoffrey Richards sold 13,000 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $60.47, for a total transaction of $786,110.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.93% of the company’s stock.
TNL opened at $59.00 on Friday. The firm has a market cap of $5.10 billion, a P/E ratio of 25.32 and a beta of 1.84. Travel + Leisure Co. has a 52-week low of $46.81 and a 52-week high of $68.26. The business’s fifty day moving average is $55.51 and its 200-day moving average is $54.53.
Travel + Leisure Company Profile
Travel + Leisure Co is a membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. The company provides outstanding vacation experiences and travel inspiration to millions of owners, members, and subscribers every year through its products and services: Wyndham Destinations, the vacation ownership company with 230 vacation club resort locations across the globe; Panorama, the membership travel business that includes the vacation exchange company, industry travel technology, and subscription travel brands; and Travel + Leisure Group, featuring online and print travel content, online booking platforms and travel clubs, and branded consumer products.
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