Today’s Research Reports on Stocks to Watch: Travelport and Expedia

NEW YORK, NY / ACCESSWIRE / March 27, 2018 / Travelport shares headed higher on Monday after activist investor Paul Singer’s Elliot Management took a stake in the company. Shares of Expedia also saw a slight gain after announcing a company name change.

RDI Initiates Coverage on:

Travelport Worldwide Limited
https://rdinvesting.com/news/?ticker=TVPT

Expedia, Inc.
https://rdinvesting.com/news/?ticker=EXPE

Travelport Worldwide Limited shares exploded on Monday and closed the day up 17.07%. The stock soared to a new high of $16.89 during intra-day trading after it was revealed that an activist investor took a stake in the travel technology company and may be interested n acquiring the company. Paul Singer’s Elliott Management, now has an 11.8% stake in Travelport Worldwide. Yesterday’s jump in share price helped the stock see a level it hasn’t seen since the year 2015. According to the filing from Elliott Management, Travelport is “undervalued and represents an attractive investment opportunity.” The firm thinks the company has a technology that is well positioned, “especially in high-growth travel markets, and that it possesses a fast growing and strategic business in the travel payments industry.” It was last month that Travelport released its fourth quarter results that revealed revenue of $573.6 million, a 5% increase from the year ago period. Adjusted income was 35 cents, an increase of 51%.

Access RDI’s Travelport Worldwide Limited Research Report at:
https://rdinvesting.com/news/?ticker=TVPT

Expedia, Inc. shares closed up a modest 0.69% on almost 2.5 million shares traded yesterday. The large travel platform announced on Monday that it has changed its name from Expedia, Inc. to Expedia Group, Inc., in order to better reflect the company’s identity. President and CEO Mark Okerstrom remarked, “We are excited to introduce the new Expedia Group name and identity to better reflect the global nature of our business, more clearly articulating who we have become and who we aspire to be. With this clarity and focus, we can now get on with what we do best: bringing the world within reach for travelers and partners across the globe.” It was last week that Orbitz, a subsidiary of the company, said that hackers may have accessed personal information from about 880,000 payment cards. Orbitz said last Tuesday, “To date, we do not have direct evidence that this personal information was actually taken from the platform and there has been no evidence of access to other types of personal information, including passport and travel itinerary information.”

Access RDI’s Expedia, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=EXPE

Our Actionable Research on Travelport Worldwide Limited (NYSE: TVPT) and Expedia, Inc. (NASDAQ: EXPE) can be downloaded free of charge at Research Driven Investing.

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