Global Business Travel Group (NYSE:GBTG) Director James Peter Bush Sells 17,500 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) Director James Peter Bush sold 17,500 shares of Global Business Travel Group stock in a transaction on Friday, June 5th. The shares were sold at an average price of $9.36, for a total value of $163,800.00. Following the transaction, the director owned 120,526 shares in the company, valued at $1,128,123.36. This trade represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Global Business Travel Group Price Performance

NYSE:GBTG opened at $9.35 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90. The business’s 50-day simple moving average is $7.49 and its two-hundred day simple moving average is $7.03. The stock has a market cap of $4.87 billion, a PE ratio of 54.97 and a beta of 0.93. 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 posted its quarterly earnings results on Monday, May 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.The firm’s quarterly revenue was up 35.3% on a year-over-year basis. As a group, analysts forecast that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

Several large investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. increased its holdings in shares of Global Business Travel Group by 17.1% in the fourth 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 increased its holdings in shares of 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 worth $680,000 after purchasing an additional 2,143 shares during the last quarter. State of Wyoming increased its holdings in shares of Global Business Travel Group by 6.5% in the second quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after purchasing an additional 2,504 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Global Business Travel Group by 28.2% in the fourth quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company’s stock worth $89,000 after purchasing an additional 2,549 shares during the last quarter. Finally, Xponance LLC increased its holdings in shares of 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 purchasing an additional 3,032 shares during the last quarter. 82.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GBTG has been the topic of a number of recent analyst reports. BTIG Research cut Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Bank of America initiated coverage on Global Business Travel Group in a report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price target on the stock. Weiss Ratings raised Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Wall Street Zen cut Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft set a $8.20 price target on Global Business Travel Group in a report on Wednesday, March 11th. Two 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 presently has an average rating of “Hold” and a consensus target price 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.