ING Groep NV Raises Stake in Travel + Leisure Co. $TNL

ING Groep NV lifted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 115.0% during the third quarter, HoldingsChannel.com reports. The firm owned 63,000 shares of the company’s stock after purchasing an additional 33,700 shares during the period. ING Groep NV’s holdings in Travel + Leisure were worth $3,748,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in Travel + Leisure by 42.0% during the first quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock worth $4,222,000 after buying an additional 26,965 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Travel + Leisure during the 1st quarter valued at approximately $396,000. Millennium Management LLC lifted its position in shares of Travel + Leisure by 129.5% during the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after acquiring an additional 233,345 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Travel + Leisure by 97.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock worth $9,271,000 after acquiring an additional 98,647 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Travel + Leisure in the 1st quarter worth approximately $206,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 62,525 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $65.17, for a total value of $4,074,754.25. Following the completion of the sale, the insider directly owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. The trade was a 61.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 559 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total value of $38,112.62. The SEC filing for this sale provides additional information. 3.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. The Goldman Sachs Group lifted their price target on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Truist Financial increased their price objective on shares of Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Wells Fargo & Company assumed coverage on shares of Travel + Leisure in a research report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 target price for the company. One equities 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 stock. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus target price of $75.25.

Travel + Leisure Stock Down 0.2%

Shares of NYSE:TNL opened at $72.13 on Friday. The company has a market capitalization of $4.64 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.64 and a beta of 1.38. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $76.21. The stock’s fifty day simple moving average is $71.73 and its 200-day simple moving average is $65.56.

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.