Global Business Travel Group (NYSE:GBTG) CFO Karen Williams Sells 20,000 Shares of Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CFO Karen Williams sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total value of $188,600.00. Following the transaction, the chief financial officer owned 548,257 shares of the company’s stock, valued at approximately $5,170,063.51. This represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Global Business Travel Group Stock Performance

NYSE GBTG opened at $9.44 on Friday. The company has a market cap of $4.92 billion, a P/E ratio of 55.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.18. The stock has a 50-day moving average of $9.39 and a two-hundred day moving average of $7.55. Global Business Travel Group, Inc. has a 1-year low of $4.95 and a 1-year high of $9.54.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. As a group, analysts anticipate that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Hedge Funds Weigh In On Global Business Travel Group

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GBTG. BTIG Research lowered Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Evercore downgraded Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. 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 report on Friday, May 15th. 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 given a Hold rating to the company’s stock. According to MarketBeat, Global Business Travel Group has a consensus rating of “Hold” and an average price target of $8.90.

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.