Goldman Sachs Group Inc. Cuts Stake in Travelport Worldwide Limited (NYSE:TVPT)
Goldman Sachs Group Inc. decreased its position in Travelport Worldwide Limited (NYSE:TVPT) by 59.5% during the first quarter, Holdings Channel reports. The firm owned 1,169,302 shares of the company’s stock after selling 1,718,147 shares during the period. Goldman Sachs Group Inc.’s holdings in Travelport Worldwide Limited were worth $13,763,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in TVPT. Acadian Asset Management LLC boosted its position in Travelport Worldwide Limited by 234.5% in the first quarter. Acadian Asset Management LLC now owns 524,085 shares of the company’s stock worth $6,169,000 after buying an additional 367,396 shares during the period. Parametrica Management Ltd boosted its position in Travelport Worldwide Limited by 56.9% in the first quarter. Parametrica Management Ltd now owns 19,546 shares of the company’s stock worth $230,000 after buying an additional 7,085 shares during the period. Bank of Montreal Can boosted its position in Travelport Worldwide Limited by 0.7% in the first quarter. Bank of Montreal Can now owns 401,126 shares of the company’s stock worth $4,721,000 after buying an additional 2,626 shares during the period. Highbridge Capital Management LLC purchased a new position in Travelport Worldwide Limited during the fourth quarter worth about $331,000. Finally, Teachers Advisors LLC boosted its position in Travelport Worldwide Limited by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 978,619 shares of the company’s stock worth $13,799,000 after buying an additional 6,416 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.
Travelport Worldwide Limited (NYSE:TVPT) opened at 13.91 on Monday. Travelport Worldwide Limited has a one year low of $11.38 and a one year high of $15.15. The company has a market cap of $1.73 billion, a PE ratio of 30.84 and a beta of 0.59. The stock has a 50 day moving average price of $13.62 and a 200 day moving average price of $13.35.
Travelport Worldwide Limited (NYSE:TVPT) last posted its earnings results on Tuesday, May 9th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. Travelport Worldwide Limited had a net margin of 2.35% and a negative return on equity of 45.12%. The company had revenue of $650.70 million for the quarter, compared to analyst estimates of $628.72 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, equities 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 reiterated an “outperform” rating and set a $16.00 target price on shares of Travelport Worldwide Limited in a report on Wednesday, June 28th. BidaskClub upgraded Travelport Worldwide Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 15th. Finally, ValuEngine upgraded Travelport Worldwide Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Travelport Worldwide Limited presently has a consensus rating of “Hold” and an average price target of $14.83.
In related news, insider Antonios Basoukeas sold 6,895 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $13.72, for a total value of $94,599.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.19% of the company’s stock.
Travelport Worldwide Limited 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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