Global Business Travel Group (NYSE:GBTG) Insider Sells $612,818.80 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 64,780 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $9.46, for a total transaction of $612,818.80. Following the completion of the sale, the insider owned 699,177 shares of the company’s stock, valued at approximately $6,614,214.42. This represents a 8.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Global Business Travel Group Stock Down 0.1%

Shares of GBTG traded down $0.01 during trading hours on Tuesday, reaching $9.47. 507,347 shares of the stock traded hands, compared to its average volume of 2,531,674. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.54. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 55.74 and a beta of 0.93. The stock has a fifty day simple moving average of $9.42 and a 200 day simple moving average of $7.74. 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 issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) 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 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 company’s revenue for the quarter was up 37.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. On average, equities analysts forecast that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GBTG. Landscape Capital Management L.L.C. increased its stake in shares of Global Business Travel Group by 17.1% during the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company’s stock worth $111,000 after purchasing an additional 2,125 shares during the last quarter. California State Teachers Retirement System lifted its stake in Global Business Travel Group by 2.5% in the fourth quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock valued at $680,000 after purchasing an additional 2,143 shares during the last quarter. State of Wyoming grew its holdings in Global Business Travel Group by 6.5% during the second quarter. State of Wyoming now owns 40,964 shares of the company’s stock valued at $258,000 after purchasing an additional 2,504 shares during the period. Russell Investments Group Ltd. grew its holdings in Global Business Travel Group by 28.2% during the fourth quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company’s stock valued at $89,000 after purchasing an additional 2,549 shares during the period. Finally, Xponance LLC increased its position in Global Business Travel Group by 29.2% in the fourth quarter. Xponance LLC now owns 13,416 shares of the company’s stock worth $103,000 after buying an additional 3,032 shares during the last quarter. 82.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GBTG has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th. Wall Street Zen cut Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research downgraded Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th. Lake Street Capital set a $9.50 target price on Global Business Travel Group in a research report on Monday, May 4th. Finally, Evercore cut Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Global Business Travel Group currently 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.