Shares of Travelport Worldwide Ltd (NYSE:TVPT) gapped down prior to trading on Friday . The stock had previously closed at $13.75, but opened at $14.15. Travelport Worldwide shares last traded at $14.25, with a volume of 32335 shares.
TVPT has been the topic of several recent research reports. Bank of America cut shares of Travelport Worldwide from a “neutral” rating to an “underperform” rating in a research report on Friday, August 3rd. Morgan Stanley upped their target price on shares of Travelport Worldwide from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, August 3rd. Imperial Capital upped their target price on shares of Travelport Worldwide from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Zacks Investment Research cut shares of Travelport Worldwide from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Finally, Cowen set a $23.00 target price on shares of Travelport Worldwide and gave the company a “buy” rating in a research report on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.80.
The stock has a market cap of $1.81 billion, a PE ratio of 28.66 and a beta of 0.42.
Travelport Worldwide (NYSE:TVPT) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.43. The company had revenue of $622.60 million for the quarter, compared to the consensus estimate of $634.46 million. Travelport Worldwide had a net margin of 4.60% and a negative return on equity of 43.41%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. Equities analysts forecast that Travelport Worldwide Ltd will post 0.26 earnings per share for the current fiscal year.
In related news, insider Matthew Minetola sold 2,508 shares of the company’s stock in a transaction dated Tuesday, October 16th. The shares were sold at an average price of $15.50, for a total transaction of $38,874.00. Following the transaction, the insider now directly owns 37,004 shares in the company, valued at approximately $573,562. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.32% of the company’s stock.
Large investors have recently modified their holdings of the stock. Fort L.P. bought a new position in Travelport Worldwide during the 2nd quarter valued at about $122,000. Itau Unibanco Holding S.A. bought a new position in Travelport Worldwide in the 2nd quarter worth about $129,000. Moneta Group Investment Advisors LLC bought a new position in Travelport Worldwide in the 2nd quarter worth about $168,000. Flinton Capital Management LLC grew its stake in Travelport Worldwide by 48.6% in the 2nd quarter. Flinton Capital Management LLC now owns 9,200 shares of the company’s stock worth $171,000 after acquiring an additional 3,008 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in Travelport Worldwide in the 2nd quarter worth about $220,000. Institutional investors own 92.25% of the company’s stock.
About Travelport Worldwide (NYSE:TVPT)
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers with online and offline travel buyers in a business-to-business travel platform.
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