Shares of Travelport Worldwide Ltd (NYSE:TVPT) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.55.
Separately, ValuEngine cut shares of Travelport Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th.
Institutional investors have recently added to or reduced their stakes in the company. Investors Research Corp bought a new stake in Travelport Worldwide during the 1st quarter valued at about $25,000. Bronfman E.L. Rothschild L.P. lifted its holdings in Travelport Worldwide by 450.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,630 shares of the company’s stock valued at $25,000 after buying an additional 1,334 shares in the last quarter. Tortoise Index Solutions LLC bought a new stake in Travelport Worldwide during the 1st quarter valued at about $29,000. Resources Investment Advisors Inc. bought a new stake in Travelport Worldwide during the 4th quarter valued at about $32,000. Finally, NumerixS Investment Technologies Inc bought a new stake in Travelport Worldwide during the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.
Travelport Worldwide Company Profile
Travelport Worldwide Limited, together with its subsidiaries, operates a travel commerce platform that offers distribution, technology, payment, mobile, and other solutions for the travel and tourism industry in the United States, the United Kingdom, and internationally. It facilitates travel commerce by connecting travel providers, such as airlines, hotel chains, and car rental companies with online and offline travel buyers in a business-to-business travel platform.
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