Schwab Charles Investment Management Inc. boosted its position in shares of Travelport Worldwide Limited (NYSE:TVPT) by 59.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,011,366 shares of the company’s stock after buying an additional 376,177 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.81% of Travelport Worldwide Limited worth $11,904,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Lucus Advisors LLC boosted its stake in Travelport Worldwide Limited by 203.0% in the first quarter. Lucus Advisors LLC now owns 34,569 shares of the company’s stock worth $407,000 after buying an additional 23,161 shares during the period. BlackRock Inc. boosted its stake in Travelport Worldwide Limited by 52,255.3% in the first quarter. BlackRock Inc. now owns 7,939,686 shares of the company’s stock worth $93,451,000 after buying an additional 7,924,521 shares during the period. Citadel Advisors LLC boosted its stake in Travelport Worldwide Limited by 692.2% in the first quarter. Citadel Advisors LLC now owns 371,588 shares of the company’s stock worth $4,374,000 after buying an additional 324,681 shares during the period. Dimensional Fund Advisors LP boosted its stake in Travelport Worldwide Limited by 16.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,160,487 shares of the company’s stock worth $25,429,000 after buying an additional 304,043 shares during the period. Finally, Globeflex Capital L P purchased a new stake in Travelport Worldwide Limited during the first quarter worth about $1,347,000. Institutional investors own 96.27% of the company’s stock.
Shares of Travelport Worldwide Limited (TVPT) opened at 14.37 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 31.86 and a beta of 0.59. Travelport Worldwide Limited has a 12-month low of $11.38 and a 12-month high of $15.15. The firm’s 50-day moving average is $13.71 and its 200-day moving average is $13.35.
Travelport Worldwide Limited (NYSE:TVPT) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $650.70 million for the quarter, compared to analyst estimates of $628.72 million. Travelport Worldwide Limited had a net margin of 2.35% and a negative return on equity of 45.12%. Travelport Worldwide Limited’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. On average, equities research analysts anticipate that Travelport Worldwide Limited will post $1.35 EPS for the current fiscal year.
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A number of research firms have issued reports on TVPT. Cowen and Company restated an “outperform” rating and set a $16.00 price target on shares of Travelport Worldwide Limited in a report on Wednesday, June 28th. BidaskClub upgraded shares of Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 15th. Finally, ValuEngine upgraded shares of Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Travelport Worldwide Limited currently has a consensus rating of “Hold” and a consensus price target of $14.83.
In other news, insider Antonios Basoukeas sold 6,895 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $13.72, for a total transaction of $94,599.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.19% of the stock is owned by insiders.
About Travelport Worldwide Limited
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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