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

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

Global Business Travel Group Price Performance

Shares of GBTG remained flat at $9.46 during mid-day trading on Friday. 2,766,238 shares of the company traded hands, compared to its average volume of 2,552,550. The company has a market cap of $4.94 billion, a PE ratio of 55.65 and a beta of 0.93. The business has a fifty day moving average of $9.41 and a 200-day moving average of $7.70. Global Business Travel Group, Inc. has a twelve month low of $4.95 and a twelve month high of $9.54. 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 announced its earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate 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 was up 37.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. On average, sell-side analysts expect that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GBTG. Quantbot Technologies LP bought a new stake in shares of Global Business Travel Group in the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Global Business Travel Group during the fourth quarter worth $32,000. Advisory Services Network LLC acquired a new stake in Global Business Travel Group during the 3rd quarter worth approximately $61,000. Creative Planning acquired a new stake in shares of Global Business Travel Group in the 2nd quarter valued at about $67,000. Finally, Russell Investments Group Ltd. boosted its stake in 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 purchasing an additional 8,350 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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.