Travelport Worldwide (TVPT) Sees Large Volume Increase

Shares of Travelport Worldwide Ltd (NYSE:TVPT) saw an uptick in trading volume on Friday . 10,512,589 shares traded hands during mid-day trading, an increase of 304% from the previous session’s volume of 2,600,288 shares.The stock last traded at $13.70 and had previously closed at $12.86.

Several research firms have weighed in on TVPT. Cowen set a $19.00 price target on shares of Travelport Worldwide and gave the stock a “buy” rating in a research note on Wednesday, November 1st. BidaskClub downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine downgraded shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Evercore ISI downgraded shares of Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.88.

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of -9.42. The stock has a market cap of $1,716.83, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 4.14 and a beta of 0.49.

Travelport Worldwide (NYSE:TVPT) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.08. The business had revenue of $610.84 million during the quarter, compared to the consensus estimate of $611.03 million. Travelport Worldwide had a net margin of 3.72% and a negative return on equity of 42.32%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. equities analysts predict that Travelport Worldwide Ltd will post 0.77 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, December 6th. Travelport Worldwide’s dividend payout ratio (DPR) is 41.67%.

In other news, insider Antonios Basoukeas sold 15,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $14.50, for a total transaction of $217,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Minetola sold 12,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $12.86, for a total transaction of $154,320.00. Following the transaction, the insider now directly owns 33,402 shares of the company’s stock, valued at $429,549.72. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Travelport Worldwide by 7.6% during the second quarter. BlackRock Inc. now owns 8,540,762 shares of the company’s stock valued at $117,521,000 after acquiring an additional 601,076 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Travelport Worldwide by 2.0% during the third quarter. Principal Financial Group Inc. now owns 7,891,186 shares of the company’s stock valued at $123,892,000 after acquiring an additional 154,117 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Travelport Worldwide by 7.0% during the second quarter. Ameriprise Financial Inc. now owns 5,764,391 shares of the company’s stock valued at $79,317,000 after acquiring an additional 376,660 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Travelport Worldwide by 4.6% during the second quarter. Vanguard Group Inc. now owns 5,408,354 shares of the company’s stock valued at $74,419,000 after acquiring an additional 236,276 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Travelport Worldwide by 70.7% in the third quarter. JPMorgan Chase & Co. now owns 4,363,322 shares of the company’s stock worth $68,286,000 after buying an additional 1,806,531 shares in the last quarter. 92.25% of the stock is owned by hedge funds and other institutional investors.

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About Travelport Worldwide

Travelport Worldwide Limited provides a travel commerce platform, which offers distribution, technology, payment, mobile and other solutions for the travel and tourism industry. The Company connects travel providers, such as airlines and hotel chains with online and offline travel agencies and other travel buyers in its business-to-business (B2B) travel commerce platform (its Travel Commerce Platform).

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