Travelport Worldwide Ltd (NYSE:TVPT)’s share price gapped down prior to trading on Monday . The stock had previously closed at $13.79, but opened at $13.33. Travelport Worldwide shares last traded at $12.64, with a volume of 5616500 shares changing hands.

Several equities analysts have recently weighed in on TVPT shares. Zacks Investment Research downgraded Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 9th. ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Cowen set a $19.00 price target on Travelport Worldwide and gave the company a “buy” rating in a report on Wednesday, November 1st. BidaskClub cut Travelport Worldwide from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 21st. Finally, Evercore ISI cut Travelport Worldwide from an “outperform” rating to an “underperform” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.88.

The company has a debt-to-equity ratio of -9.42, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $1,640.00, a price-to-earnings ratio of 18.13, a P/E/G ratio of 3.82 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 EPS for the quarter, beating the consensus estimate of $0.10 by $0.08. The company had revenue of $610.84 million during the quarter, compared to analyst estimates of $611.03 million. During the same period in the prior year, the business posted $0.33 EPS. Travelport Worldwide’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts predict that Travelport Worldwide Ltd will post 0.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Thursday, December 7th were issued a $0.075 dividend. The ex-dividend date was Wednesday, December 6th. This represents a $0.30 annualized dividend and a dividend yield of 2.30%. Travelport Worldwide’s dividend payout ratio is presently 41.67%.

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

A number of hedge funds have recently bought and sold shares of the business. ETRADE Capital Management LLC increased its stake in Travelport Worldwide by 3.9% during the second quarter. ETRADE Capital Management LLC now owns 21,592 shares of the company’s stock worth $297,000 after acquiring an additional 811 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Travelport Worldwide by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 10,900 shares of the company’s stock worth $150,000 after acquiring an additional 918 shares during the last quarter. Amalgamated Bank increased its stake in Travelport Worldwide by 9.9% during the second quarter. Amalgamated Bank now owns 15,662 shares of the company’s stock worth $216,000 after acquiring an additional 1,411 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Travelport Worldwide by 84.4% during the third quarter. Meeder Asset Management Inc. now owns 12,370 shares of the company’s stock worth $194,000 after acquiring an additional 5,660 shares during the last quarter. Finally, American International Group Inc. increased its stake in Travelport Worldwide by 8.1% during the third quarter. American International Group Inc. now owns 83,260 shares of the company’s stock worth $1,307,000 after acquiring an additional 6,225 shares during the last quarter. 92.25% of the stock is owned by institutional investors.

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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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