Axa raised its position in Travelport Worldwide Ltd (NYSE:TVPT) by 39.5% during the 4th quarter, HoldingsChannel reports. The fund owned 734,400 shares of the company’s stock after buying an additional 208,100 shares during the quarter. Axa’s holdings in Travelport Worldwide were worth $9,598,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TVPT. JPMorgan Chase & Co. lifted its stake in Travelport Worldwide by 70.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,363,322 shares of the company’s stock valued at $68,286,000 after acquiring an additional 1,806,531 shares in the last quarter. American Century Companies Inc. lifted its stake in Travelport Worldwide by 114.4% in the 3rd quarter. American Century Companies Inc. now owns 1,369,132 shares of the company’s stock valued at $21,495,000 after acquiring an additional 730,597 shares in the last quarter. Dean Investment Associates LLC bought a new stake in Travelport Worldwide in the 3rd quarter valued at approximately $7,119,000. Schroder Investment Management Group raised its stake in shares of Travelport Worldwide by 360.2% during the 4th quarter. Schroder Investment Management Group now owns 517,385 shares of the company’s stock worth $6,762,000 after purchasing an additional 404,951 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Travelport Worldwide by 269.6% during the 4th quarter. Citadel Advisors LLC now owns 436,965 shares of the company’s stock worth $5,711,000 after purchasing an additional 318,743 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.
Shares of Travelport Worldwide Ltd (NYSE:TVPT) opened at $14.62 on Tuesday. Travelport Worldwide Ltd has a 12 month low of $11.38 and a 12 month high of $16.17. The stock has a market capitalization of $1,805.96, a P/E ratio of 12.82 and a beta of 0.41. The company has a debt-to-equity ratio of -11.26, a quick ratio of 0.68 and a current ratio of 0.68.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, February 28th. Travelport Worldwide’s dividend payout ratio (DPR) is presently 26.32%.
A number of brokerages have recently issued reports on TVPT. UBS Group reiterated a “neutral” rating and set a $15.00 price objective (up previously from $14.00) on shares of Travelport Worldwide in a research note on Wednesday, February 21st. Zacks Investment Research cut Travelport Worldwide from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 1st. Evercore ISI cut Travelport Worldwide from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Morgan Stanley reiterated an “equal weight” rating and set a $14.50 price objective (down previously from $15.00) on shares of Travelport Worldwide in a research note on Wednesday, February 21st. Finally, ValuEngine cut Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Travelport Worldwide currently has an average rating of “Hold” and an average target price of $16.13.
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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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