Wilmington Savings Fund Society FSB Grows Holdings in Travel + Leisure Co. (NYSE:TNL)

Wilmington Savings Fund Society FSB increased its holdings in Travel + Leisure Co. (NYSE:TNL) by 3,454.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,261 shares of the company’s stock after acquiring an additional 5,113 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Travel + Leisure were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Versant Capital Management Inc increased its position in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after buying an additional 503 shares during the last quarter. Brooklyn Investment Group bought a new stake in Travel + Leisure in the third quarter worth $43,000. Finally, Capital Performance Advisors LLP bought a new stake in Travel + Leisure in the third quarter worth $44,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the sale, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $55.25 on Wednesday. The stock has a market cap of $3.78 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64. The stock has a fifty day moving average of $52.74 and a 200 day moving average of $48.87. Travel + Leisure Co. has a one year low of $39.78 and a one year high of $57.62.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TNL. The Goldman Sachs Group lifted their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their target price for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays raised their price target on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. Morgan Stanley initiated coverage on Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Travel + Leisure 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.