Sei Investments Co. Acquires 163,173 Shares of Global Business Travel Group, Inc. $GBTG

Sei Investments Co. boosted its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 90.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 343,833 shares of the company’s stock after purchasing an additional 163,173 shares during the quarter. Sei Investments Co.’s holdings in Global Business Travel Group were worth $1,919,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GBTG. AQR Capital Management LLC increased its holdings in shares of Global Business Travel Group by 169.9% in the 1st quarter. AQR Capital Management LLC now owns 64,060 shares of the company’s stock worth $465,000 after buying an additional 40,328 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Global Business Travel Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after buying an additional 3,238 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Global Business Travel Group by 66.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock valued at $5,347,000 after acquiring an additional 294,527 shares during the last quarter. Creative Planning bought a new position in shares of Global Business Travel Group in the 2nd quarter valued at about $67,000. Finally, Legal & General Group Plc grew its position in Global Business Travel Group by 4.0% in the second quarter. Legal & General Group Plc now owns 112,365 shares of the company’s stock worth $708,000 after acquiring an additional 4,308 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

Insider Activity

In other news, insider Eric J. Bock sold 125,030 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $9.36, for a total value of $1,170,280.80. Following the sale, the insider directly owned 871,342 shares in the company, valued at approximately $8,155,761.12. This represents a 12.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Andrew George Crawley sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total value of $3,300,500.00. Following the sale, the president directly owned 1,031,838 shares of the company’s stock, valued at $9,730,232.34. This represents a 25.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,275,345 shares of company stock valued at $21,330,374. 5.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GBTG shares. Wall Street Zen cut Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. BTIG Research cut Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Evercore downgraded Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Lake Street Capital set a $9.50 price target on Global Business Travel Group in a report on Monday, May 4th. Two 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, Global Business Travel Group has an average rating of “Hold” and a consensus price target of $8.90.

Global Business Travel Group Price Performance

GBTG stock opened at $9.44 on Monday. The stock has a market cap of $4.92 billion, a PE ratio of 55.50 and a beta of 0.93. Global Business Travel Group, Inc. has a 12 month low of $4.95 and a 12 month high of $9.54. The company has a 50-day moving average price of $9.39 and a 200 day moving average price of $7.55. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $810.60 million. Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.The business’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. Equities research analysts anticipate that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

About Global Business Travel Group

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.