Karen Williams Sells 20,000 Shares of Global Business Travel Group (NYSE:GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CFO Karen Williams sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total value of $188,600.00. Following the transaction, the chief financial officer owned 548,257 shares of the company’s stock, valued at $5,170,063.51. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Global Business Travel Group Price Performance

Shares of GBTG stock opened at $9.44 on Friday. The stock’s fifty day simple moving average is $9.39 and its 200 day simple moving average is $7.55. Global Business Travel Group, Inc. has a one year low of $4.95 and a one year high of $9.54. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.18.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $870.00 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.03 earnings per share. On average, analysts expect that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on GBTG. Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. BTIG Research lowered shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Lake Street Capital set a $9.50 price objective on shares of Global Business Travel Group in a report on Monday, May 4th. Finally, Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Global Business Travel Group has an average rating of “Hold” and a consensus target price of $8.90.

Institutional Trading of Global Business Travel Group

Large investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. raised 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 valued at $111,000 after buying an additional 2,125 shares during the last quarter. California State Teachers Retirement System lifted its position in Global Business Travel Group by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock worth $680,000 after buying an additional 2,143 shares in the last quarter. State of Wyoming grew its holdings in Global Business Travel Group by 6.5% during the 2nd quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after acquiring an additional 2,504 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Global Business Travel Group by 28.2% during the 4th quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company’s stock worth $89,000 after acquiring an additional 2,549 shares during the last quarter. Finally, Xponance LLC increased its position in Global Business Travel Group by 29.2% in the 4th quarter. Xponance LLC now owns 13,416 shares of the company’s stock valued at $103,000 after acquiring an additional 3,032 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

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.