Travel + Leisure (NYSE:TNL) Stock Rating Lowered by Wall Street Zen

Travel + Leisure (NYSE:TNL) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

TNL has been the topic of a number of other research reports. Truist Financial boosted their price objective on shares of Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 14th. JMP Securities lifted their target price on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 23rd. Mizuho set a $86.00 price target on Travel + Leisure in a report on Wednesday, October 22nd. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group upped their target price on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.25.

Travel + Leisure Trading Up 3.2%

NYSE TNL opened at $73.42 on Friday. The stock has a market cap of $4.72 billion, a P/E ratio of 12.08, a PEG ratio of 0.63 and a beta of 1.38. The company’s fifty day simple moving average is $71.37 and its 200-day simple moving average is $65.23. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $76.21.

Insider Activity at Travel + Leisure

In other news, Director George Herrera sold 559 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total value of $38,112.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Geoffrey Richards sold 62,525 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total value of $4,074,754.25. Following the transaction, the insider owned 39,604 shares in the company, valued at $2,580,992.68. This trade represents a 61.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 72,632 shares of company stock valued at $4,733,487. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Compass Wealth Management LLC acquired a new position in shares of Travel + Leisure during the third quarter valued at $1,707,000. Advisors Capital Management LLC lifted its holdings in Travel + Leisure by 1.1% in the second quarter. Advisors Capital Management LLC now owns 399,794 shares of the company’s stock worth $20,633,000 after purchasing an additional 4,242 shares during the period. Ethic Inc. grew its position in Travel + Leisure by 132.0% in the 3rd quarter. Ethic Inc. now owns 27,108 shares of the company’s stock valued at $1,613,000 after buying an additional 15,422 shares in the last quarter. Inscription Capital LLC increased its stake in Travel + Leisure by 150.9% during the 3rd quarter. Inscription Capital LLC now owns 19,623 shares of the company’s stock valued at $1,167,000 after buying an additional 11,802 shares during the period. Finally, Savant Capital LLC increased its stake in Travel + Leisure by 54.1% during the 2nd quarter. Savant Capital LLC now owns 56,934 shares of the company’s stock valued at $2,938,000 after buying an additional 19,997 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

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.