Travel + Leisure Co. (NYSE:TNL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in Travel + Leisure Co. (NYSE:TNL) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,801 shares of the company’s stock after selling 305 shares during the quarter. State of Alaska Department of Revenue’s holdings in Travel + Leisure were worth $393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. lifted its position in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after acquiring an additional 204 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the period. Gries Financial LLC grew its position in Travel + Leisure by 5.5% in the 4th quarter. Gries Financial LLC now owns 5,074 shares of the company’s stock valued at $256,000 after buying an additional 265 shares during the last quarter. GAMMA Investing LLC increased its stake in Travel + Leisure by 30.7% in the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock valued at $81,000 after buying an additional 379 shares during the period. Finally, MBM Wealth Consultants LLC raised its position in Travel + Leisure by 6.7% during the 4th quarter. MBM Wealth Consultants LLC now owns 6,218 shares of the company’s stock worth $310,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 9,400 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the sale, the insider now owns 111,202 shares in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley initiated coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. Truist Financial boosted their target price on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price target for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Barclays upped their price objective on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $60.50.

Travel + Leisure Stock Performance

TNL stock opened at $56.40 on Friday. The stock’s 50 day moving average price is $52.78 and its 200 day moving average price is $49.05. The firm has a market cap of $3.86 billion, a P/E ratio of 9.57, a PEG ratio of 0.66 and a beta of 1.64. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $57.62.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.