Global Business Travel Group’s (GBTG) Neutral Rating Reiterated at BTIG Research

BTIG Research restated their neutral rating on shares of Global Business Travel Group (NYSE:GBTG) in a research report report published on Wednesday,Benzinga reports.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Global Business Travel Group in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.90.

Global Business Travel Group Price Performance

Shares of NYSE GBTG opened at $9.50 on Wednesday. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $9.56. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 55.88 and a beta of 0.93. The firm has a 50-day moving average of $9.46 and a two-hundred day moving average of $8.53.

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 the consensus estimate of $0.06 by ($0.03). Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $810.60 million. During the same quarter last year, the business posted $0.03 EPS. The business’s revenue for the quarter was up 37.9% on a year-over-year basis. As a group, analysts expect that Global Business Travel Group will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Global Business Travel Group

In related news, President Andrew George Crawley sold 332,662 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $9.43, for a total value of $3,137,002.66. Following the completion of the transaction, the president owned 699,176 shares of the company’s stock, valued at approximately $6,593,229.68. This trade represents a 32.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eric Bock sold 64,780 shares of Global Business Travel Group stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $9.46, for a total transaction of $612,818.80. Following the transaction, the insider owned 699,177 shares in the company, valued at approximately $6,614,214.42. The trade was a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 777,442 shares of company stock worth $7,333,521. 5.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GBTG. Attestor Capital Ltd acquired a new stake in Global Business Travel Group during the 4th quarter worth about $67,917,000. Monarch Alternative Capital LP grew its stake in Global Business Travel Group by 9.3% during the 1st quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock valued at $43,524,000 after acquiring an additional 661,418 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 valued at $23,741,000 after purchasing an additional 936,989 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Global Business Travel Group by 439.0% in the 1st quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock valued at $3,042,000 after purchasing an additional 444,003 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Global Business Travel Group in the second quarter worth approximately $4,108,000. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Company Profile

Global Business Travel Group, Inc (NYSE: GBTG) is a corporate travel management company that provides technology, services and consulting to organizations and their business travelers. The company helps clients plan, book and manage business trips, while supporting travel policy compliance, traveler safety, expense visibility and program optimization.

Its offerings include business travel booking and servicing, travel management solutions, meetings and events services, and data-driven consulting.