Envestnet Asset Management Inc. Grows Position in Travel + Leisure Co. $TNL

Envestnet Asset Management Inc. grew its holdings in Travel + Leisure Co. (NYSE:TNL) by 231.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 691,599 shares of the company’s stock after buying an additional 482,731 shares during the period. Envestnet Asset Management Inc. owned 1.08% of Travel + Leisure worth $41,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new stake in Travel + Leisure in the 2nd quarter valued at about $27,000. Parkside Financial Bank & Trust increased its holdings in shares of Travel + Leisure by 155.3% in the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares during the last quarter. CNB Bank purchased a new position in Travel + Leisure during the third quarter worth approximately $32,000. Geneos Wealth Management Inc. lifted its position in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Travel + Leisure during the second quarter worth $45,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Geoffrey Richards sold 62,525 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the completion of the transaction, the insider directly owned 39,604 shares in the company, valued at $2,580,992.68. This trade represents a 61.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George Herrera sold 559 shares of Travel + Leisure stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total value of $38,112.62. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,076 shares of company stock valued at $4,437,347 over the last ninety days. Insiders own 3.75% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the topic of several analyst reports. Truist Financial lifted their price target on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 14th. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, January 21st. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barclays set a $70.00 price target on shares of Travel + Leisure and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and an average price target of $75.25.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $73.96 on Wednesday. The company’s 50 day simple moving average is $71.58 and its 200-day simple moving average is $65.46. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $76.21. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.65 and a beta of 1.38.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.