Travel + Leisure Co. (NYSE:TNL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its position in Travel + Leisure Co. (NYSE:TNL) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,271 shares of the company’s stock after selling 1,569 shares during the period. Retirement Systems of Alabama owned 0.40% of Travel + Leisure worth $13,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TNL. Barclays PLC boosted its stake in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after purchasing an additional 100,440 shares during the last quarter. Versor Investments LP lifted its stake in shares of Travel + Leisure by 45.4% in the third quarter. Versor Investments LP now owns 40,290 shares of the company’s stock worth $1,857,000 after buying an additional 12,585 shares in the last quarter. FMR LLC lifted its stake in shares of Travel + Leisure by 28.5% in the third quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after buying an additional 58,008 shares in the last quarter. Oak Thistle LLC acquired a new position in Travel + Leisure during the fourth quarter worth about $1,288,000. Finally, International Assets Investment Management LLC grew its stake in Travel + Leisure by 4,532.8% during the 3rd quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after acquiring an additional 5,258 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the sale, the insider now directly owns 111,202 shares in the company, valued at $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TNL shares. JPMorgan Chase & Co. raised their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. The Goldman Sachs Group upped their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Barclays lifted their price target on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Finally, Morgan Stanley initiated coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Travel + Leisure Stock Down 2.1 %

NYSE TNL opened at $56.32 on Friday. Travel + Leisure Co. has a 52 week low of $39.78 and a 52 week high of $57.62. The firm has a 50 day moving average of $52.74 and a two-hundred day moving average of $48.71. The stock has a market capitalization of $3.85 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.63 and a beta of 1.64.

About Travel + Leisure

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.