Travelport Worldwide Ltd (TVPT) CEO Purchases $99,498.00 in Stock

Travelport Worldwide Ltd (NYSE:TVPT) CEO Gordon A. Wilson acquired 6,900 shares of the stock in a transaction on Tuesday, March 20th. The shares were purchased at an average price of $14.42 per share, for a total transaction of $99,498.00. Following the transaction, the chief executive officer now directly owns 19,224 shares in the company, valued at $277,210.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TVPT stock opened at $14.35 on Friday. The company has a debt-to-equity ratio of -11.26, a current ratio of 0.68 and a quick ratio of 0.68. Travelport Worldwide Ltd has a 12-month low of $11.38 and a 12-month high of $16.17. The company has a market capitalization of $1,794.68, a price-to-earnings ratio of 15.39 and a beta of 0.41.

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Travelport Worldwide (NYSE:TVPT) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.34. Travelport Worldwide had a negative return on equity of 49.43% and a net margin of 5.82%. The company had revenue of $573.57 million for the quarter, compared to analysts’ expectations of $566.92 million. During the same quarter last year, the business earned $0.23 earnings per share. Travelport Worldwide’s revenue was up 5.2% on a year-over-year basis. analysts expect that Travelport Worldwide Ltd will post 0.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Wednesday, February 28th. Travelport Worldwide’s payout ratio is currently 26.32%.

A number of brokerages recently commented on TVPT. Zacks Investment Research cut Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 1st. UBS restated a “neutral” rating and issued a $15.00 price target (up previously from $14.00) on shares of Travelport Worldwide in a research report on Wednesday, February 21st. Morgan Stanley restated an “equal weight” rating and issued a $14.50 price target (down previously from $15.00) on shares of Travelport Worldwide in a research report on Wednesday, February 21st. Evercore ISI cut Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research report on Friday, January 5th. Finally, ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.13.

A number of large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its stake in Travelport Worldwide by 2.0% in the fourth quarter. Royce & Associates LP now owns 250,000 shares of the company’s stock valued at $3,268,000 after buying an additional 5,000 shares in the last quarter. Swiss National Bank boosted its stake in Travelport Worldwide by 2.7% in the fourth quarter. Swiss National Bank now owns 209,300 shares of the company’s stock valued at $2,736,000 after buying an additional 5,600 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Travelport Worldwide by 15.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 44,683 shares of the company’s stock valued at $584,000 after buying an additional 6,012 shares in the last quarter. American International Group Inc. boosted its stake in Travelport Worldwide by 8.1% in the third quarter. American International Group Inc. now owns 83,260 shares of the company’s stock valued at $1,307,000 after buying an additional 6,225 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Travelport Worldwide by 2.7% in the third quarter. California Public Employees Retirement System now owns 255,913 shares of the company’s stock valued at $4,018,000 after buying an additional 6,713 shares in the last quarter. 97.89% of the stock is currently owned by institutional investors and hedge funds.

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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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