Travelport Worldwide (TVPT) Upgraded to Hold by Zacks Investment Research

Travelport Worldwide (NYSE:TVPT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “Travelport Worldwide Limited is a Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. Its Travel Commerce Platform enables travel providers, travel agencies, corporations and developers to connect. Through its Technology Services it provides critical IT solutions to airlines, such as shopping, ticketing and departure control applications. The Company also provides an array of additional services, such as advertising solutions, subscription services, business intelligence data services, and marketing-oriented analytical tools to travel providers, travel agencies and other travel data users. Travelport Worldwide Limited is based in Atlanta, Georgia. “

TVPT has been the subject of a number of other research reports. BidaskClub cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. ValuEngine cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. 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. Finally, Evercore ISI cut shares of Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.88.

Shares of Travelport Worldwide (TVPT) opened at $12.64 on Friday. The company has a debt-to-equity ratio of -9.42, a current ratio of 0.81 and a quick ratio of 0.81. Travelport Worldwide has a one year low of $11.38 and a one year high of $16.17. The firm has a market cap of $1,580.00, a PE ratio of 17.56, a P/E/G ratio of 3.97 and a beta of 0.49.

Travelport Worldwide (NYSE:TVPT) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The firm had revenue of $610.84 million during the quarter, compared to analysts’ expectations of $611.03 million. Travelport Worldwide had a net margin of 3.72% and a negative return on equity of 42.32%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. research analysts forecast that Travelport Worldwide will post 0.77 EPS for the current year.

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

Several large investors have recently bought and sold shares of TVPT. Schwab Charles Investment Management Inc. increased its holdings in shares of Travelport Worldwide by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,078,520 shares of the company’s stock valued at $14,841,000 after purchasing an additional 67,154 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Travelport Worldwide by 13.6% in the second quarter. Rhumbline Advisers now owns 149,242 shares of the company’s stock valued at $2,054,000 after purchasing an additional 17,827 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Travelport Worldwide in the second quarter valued at approximately $136,000. Bank of New York Mellon Corp increased its holdings in shares of Travelport Worldwide by 15.5% in the second quarter. Bank of New York Mellon Corp now owns 582,530 shares of the company’s stock valued at $8,015,000 after purchasing an additional 78,338 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Travelport Worldwide by 25.7% in the second quarter. Legal & General Group Plc now owns 48,476 shares of the company’s stock valued at $666,000 after purchasing an additional 9,897 shares in the last quarter. Institutional investors own 92.25% of the company’s stock.

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Travelport Worldwide Company Profile

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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