Orbitz Worldwide SVP Sells $172,979 in Stock (OWW)
Orbitz Worldwide (NYSE:OWW) SVP Roger Liew sold 16,876 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $10.25, for a total value of $172,979.00. Following the sale, the senior vice president now directly owns 98,634 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on OWW. 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $7.14.
Shares of Orbitz Worldwide (NYSE:OWW) traded up 0.97% during mid-day trading on Wednesday, hitting $10.40. 958,069 shares of the company’s stock traded hands. Orbitz Worldwide has a 52 week low of $2.07 and a 52 week high of $13.26. The stock has a 50-day moving average of $9.88 and a 200-day moving average of $7.97. The company’s market cap is $1.123 billion.
Orbitz Worldwide (NYSE:OWW) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue 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.
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