XTX Topco Ltd Purchases New Position in Travel + Leisure Co. $TNL

XTX Topco Ltd bought a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,906 shares of the company’s stock, valued at approximately $460,000.

Several other large investors have also bought and sold shares of TNL. Parallel Advisors LLC grew its stake in shares of Travel + Leisure by 17.8% during the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock worth $62,000 after buying an additional 182 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Travel + Leisure by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $117,000 after acquiring an additional 220 shares in the last quarter. IFP Advisors Inc increased its holdings in Travel + Leisure by 9.5% in the 2nd quarter. IFP Advisors Inc now owns 3,008 shares of the company’s stock worth $155,000 after purchasing an additional 262 shares in the last quarter. Cetera Investment Advisers raised its position in Travel + Leisure by 3.0% in the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock valued at $499,000 after purchasing an additional 317 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Travel + Leisure by 155.3% during 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 in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TNL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. JMP Securities lifted their price target on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a report on Thursday, October 23rd. Truist Financial increased their price objective on Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a report on Friday, November 14th. Finally, The Goldman Sachs Group raised their target price on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.60.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 62,525 shares of the stock in a transaction on 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 sale, the insider owned 39,604 shares in the company, valued at $2,580,992.68. This represents a 61.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey Myers sold 50,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the transaction, the insider directly owned 63,789 shares in the company, valued at approximately $4,234,313.82. This represents a 43.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 198,776 shares of company stock valued at $13,080,628 over the last 90 days. 3.75% of the stock is currently owned by corporate insiders.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $68.54 on Friday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.60 and a beta of 1.39. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $70.43. The stock’s 50 day moving average price is $63.45 and its two-hundred day moving average price is $58.99.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.08. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. Travel + Leisure’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 EPS. On average, equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, December 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.84%.

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.