Global Business Travel Group (NYSE:GBTG) Insider Sells $94,600.00 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 10,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $9.46, for a total transaction of $94,600.00. Following the transaction, the insider directly owned 763,957 shares in the company, valued at approximately $7,227,033.22. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Global Business Travel Group Stock Up 0.1%

Shares of NYSE GBTG opened at $9.46 on Monday. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 55.65 and a beta of 0.93. The company’s 50-day simple moving average is $9.41 and its 200-day simple moving average is $7.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. Global Business Travel Group, Inc. has a 52-week low of $4.95 and a 52-week high of $9.54.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $810.60 million. Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.The firm’s revenue for the quarter was up 37.9% on a year-over-year basis. During the same quarter last year, the company earned $0.03 EPS. Equities analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Redwood Capital Management LLC acquired a new stake in shares of Global Business Travel Group in the third quarter valued at approximately $173,347,000. Attestor Capital Ltd acquired a new position in Global Business Travel Group during the fourth quarter worth $67,917,000. Vanguard Group Inc. boosted its stake in Global Business Travel Group by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after buying an additional 2,744,068 shares during the last quarter. Millennium Management LLC grew its holdings in Global Business Travel Group by 2,646.7% in the 4th quarter. Millennium Management LLC now owns 1,679,217 shares of the company’s stock valued at $12,846,000 after buying an additional 1,618,081 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Global Business Travel Group by 28.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,255,603 shares of the company’s stock worth $23,741,000 after acquiring an additional 936,989 shares during the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on GBTG. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Business Travel Group in a report on Wednesday, August 12th. Wall Street Zen lowered Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Evercore downgraded Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. BTIG Research lowered Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Finally, Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Global Business Travel Group presently has an average rating of “Hold” and an average target price of $8.90.

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.