Orbitz Worldwide CEO Sells $482,500 in Stock (OWW)
Orbitz Worldwide (NYSE:OWW) CEO Barney Harford unloaded 50,000 shares of Orbitz Worldwide stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $9.65, for a total transaction of $482,500.00. Following the sale, the chief executive officer now directly owns 383,327 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Orbitz Worldwide (NYSE:OWW) from $7.00 to $10.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of Orbitz Worldwide (NYSE:OWW) from $10.00 to $15.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Finally, analysts at Lazard Capital Markets downgraded shares of Orbitz Worldwide (NYSE:OWW) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 9th. They noted that the move was a valuation call.
Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.14.
Orbitz Worldwide (NYSE:OWW) traded up 1.44% on Thursday, hitting $9.83. The stock had a trading volume of 770,343 shares. Orbitz Worldwide has a 52 week low of $2.07 and a 52 week high of $13.26. The stock’s 50-day moving average is $9.83 and its 200-day moving average is $7.77. The company’s market cap is $1.061 billion.
Orbitz Worldwide (NYSE:OWW) last announced its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $218.94 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Orbitz Worldwide will post $1.48 EPS for the current fiscal year.
Orbitz Worldwide, Inc is a global online travel company (NYSE:OWW) that uses technology to enable leisure and business travelers to research, plan and book a range of travel products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.