Travel + Leisure Co. $TNL Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Travel + Leisure Co. (NYSE:TNL) by 15.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,598 shares of the company’s stock after purchasing an additional 47,170 shares during the period. JPMorgan Chase & Co. owned 0.55% of Travel + Leisure worth $21,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TNL. Hillsdale Investment Management Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter worth $27,000. CNB Bank acquired a new position in Travel + Leisure during the third quarter worth about $32,000. Parkside Financial Bank & Trust raised its position in Travel + Leisure by 155.3% in the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after acquiring an additional 382 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in Travel + Leisure by 181.5% in the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after acquiring an additional 510 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in Travel + Leisure by 13,383.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock valued at $48,000 after acquiring an additional 803 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TNL has been the topic of a number of research reports. Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Truist Financial upped their price target on Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th. Oppenheimer restated an “outperform” rating and issued a $85.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Finally, Weiss Ratings downgraded Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.45.

Travel + Leisure Trading Down 0.8%

Shares of NYSE TNL opened at $73.10 on Tuesday. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $81.00. The business has a 50-day moving average price of $72.60 and a two-hundred day moving average price of $66.82. The firm has a market capitalization of $4.56 billion, a PE ratio of 21.44, a PEG ratio of 0.56 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.83. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Insiders Place Their Bets

In related news, insider Amandine Robin-Caplan sold 3,904 shares of Travel + Leisure stock in a transaction on Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Dean Brown sold 25,938 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.85, for a total value of $1,941,459.30. Following the sale, the insider directly owned 427,821 shares of the company’s stock, valued at $32,022,401.85. This trade represents a 5.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 96,702 shares of company stock valued at $7,182,383 in the last three months. Company insiders own 3.75% of the company’s stock.

Travel + Leisure 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.