Karen Williams Sells 10,000 Shares of Global Business Travel Group (NYSE:GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CFO Karen Williams sold 10,000 shares of Global Business Travel Group stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $9.35, for a total transaction of $93,500.00. Following the transaction, the chief financial officer owned 596,157 shares of the company’s stock, valued at $5,574,067.95. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Global Business Travel Group Stock Up 0.2%

Shares of NYSE GBTG opened at $9.36 on Friday. The stock has a market capitalization of $4.88 billion, a P/E ratio of 55.03 and a beta of 0.93. The company has a 50-day moving average price of $7.80 and a 200-day moving average price of $7.09. Global Business Travel Group, Inc. has a 1 year low of $4.95 and a 1 year high of $9.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 and a quick ratio of 1.18.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The business had revenue of $840.00 million during the quarter, compared to the consensus estimate of $814.55 million. The firm’s revenue was up 35.3% compared to the same quarter last year. On average, equities research analysts forecast that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GBTG shares. Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research note on Monday, May 4th. BTIG Research cut shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th. UBS Group dropped their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.90.

Institutional Trading of Global Business Travel Group

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Global Business Travel Group during the 3rd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at approximately $32,000. Advisory Services Network LLC purchased a new stake in shares of Global Business Travel Group during the 3rd quarter valued at approximately $61,000. Creative Planning purchased a new stake in shares of Global Business Travel Group during the 2nd quarter valued at approximately $67,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Global Business Travel Group by 1,238.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock valued at $73,000 after buying an additional 8,350 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Global Business Travel Group Company Profile

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.