Global Business Travel Group (NYSE:GBTG) CFO Sells $93,500.00 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CFO Karen Williams sold 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $9.35, for a total transaction of $93,500.00. Following the completion of the transaction, the chief financial officer owned 596,157 shares in the company, valued at approximately $5,574,067.95. The trade was a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Global Business Travel Group Stock Down 0.1%

Global Business Travel Group stock traded down $0.01 during mid-day trading on Wednesday, reaching $9.35. The stock had a trading volume of 3,532,760 shares, compared to its average volume of 2,846,531. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 54.97 and a beta of 0.93. The company has a 50-day moving average price of $7.64 and a two-hundred day moving average price of $7.06. Global Business Travel Group, Inc. has a one year low of $4.95 and a one year high of $9.54. 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 released its quarterly earnings data 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 company had revenue of $840.00 million during the quarter, compared to the consensus estimate of $814.55 million. The firm’s revenue was up 35.3% compared to the same quarter last year. On average, analysts expect that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on GBTG. Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a report on Wednesday, March 11th. Wall Street Zen downgraded Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Citigroup reduced their target price on 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, Morgan Stanley reduced their target price on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.90.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Global Business Travel Group during the 3rd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Global Business Travel Group during the 4th quarter worth $32,000. Advisory Services Network LLC purchased a new position in shares of Global Business Travel Group during the third quarter valued at $61,000. Creative Planning purchased a new position in shares of Global Business Travel Group during the second quarter valued at $67,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of 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 in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

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.