Insider Selling: Orbitz Worldwide Insider Sells 3,710 Shares of Stock (OWW)
Orbitz Worldwide (NYSE:OWW) Insider Christopher Orton sold 3,710 shares of Orbitz Worldwide stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $10.44, for a total value of $38,732.40. Following the completion of the transaction, the insider now directly owns 70,536 shares in the company, valued at approximately $736,396. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.14.
Orbitz Worldwide (NYSE:OWW) opened at 9.89 on Wednesday. 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 $9.9 and a 200-day moving average of $8.16. The company’s market cap is $1.068 billion.
Orbitz Worldwide (NYSE:OWW) last issued its quarterly earnings data 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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