Separately, Zacks Investment Research raised shares of Travelport Worldwide from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $19.55.
Shares of TVPT opened at $15.71 on Friday. The firm has a market cap of $1.99 billion, a PE ratio of 44.89 and a beta of 0.27. Travelport Worldwide has a 12-month low of $13.27 and a 12-month high of $20.30.
Travelport Worldwide (NYSE:TVPT) last released its quarterly earnings data on Friday, February 22nd. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.05. Travelport Worldwide had a net margin of 2.85% and a negative return on equity of 33.12%. The company had revenue of $588.60 million during the quarter, compared to analyst estimates of $580.47 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in TVPT. Bank of New York Mellon Corp lifted its stake in Travelport Worldwide by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,448,564 shares of the company’s stock worth $24,437,000 after acquiring an additional 58,192 shares during the period. Martingale Asset Management L P lifted its position in shares of Travelport Worldwide by 1.5% during the third quarter. Martingale Asset Management L P now owns 457,275 shares of the company’s stock valued at $7,715,000 after buying an additional 6,602 shares during the last quarter. BlackRock Inc. lifted its position in shares of Travelport Worldwide by 3.9% during the third quarter. BlackRock Inc. now owns 17,981,946 shares of the company’s stock valued at $303,355,000 after buying an additional 666,943 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Travelport Worldwide by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,151,499 shares of the company’s stock valued at $53,165,000 after buying an additional 20,019 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Travelport Worldwide by 194.6% during the third quarter. Franklin Resources Inc. now owns 30,899 shares of the company’s stock valued at $521,000 after buying an additional 20,410 shares during the last quarter. 94.16% of the stock is owned by institutional investors.
About Travelport Worldwide
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, 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, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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