Global Business Travel Group (NYSE:GBTG) CEO Sells $81,853.20 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CEO Paul Abbott sold 8,745 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $9.36, for a total value of $81,853.20. Following the sale, the chief executive officer directly owned 3,547,211 shares in the company, valued at approximately $33,201,894.96. The trade was a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG opened at $9.35 on Monday. Global Business Travel Group, Inc. has a 12 month low of $4.95 and a 12 month high of $9.54. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 54.97 and a beta of 0.93. The stock’s 50 day moving average price is $7.49 and its 200 day moving average price is $7.03. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 and a quick ratio of 1.18.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Monday, May 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.The firm had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. The company’s revenue was up 35.3% on a year-over-year basis. Equities research analysts anticipate that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

A number of large investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. boosted its holdings in 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 in the last quarter. California State Teachers Retirement System boosted its holdings in Global Business Travel Group by 2.5% during the fourth quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock valued at $680,000 after acquiring an additional 2,143 shares during the period. State of Wyoming boosted 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 acquiring an additional 2,504 shares during the period. Russell Investments Group Ltd. boosted 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 acquiring an additional 2,549 shares during the period. Finally, Xponance LLC boosted its holdings in Global Business Travel Group by 29.2% during the fourth quarter. Xponance LLC now owns 13,416 shares of the company’s stock valued at $103,000 after acquiring an additional 3,032 shares during the period. 82.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GBTG shares. Morgan Stanley dropped their price target on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. UBS Group dropped their price target on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup cut their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Finally, Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.