Brokerages Set Global Business Travel Group, Inc. (NYSE:GBTG) Target Price at $8.90

Global Business Travel Group, Inc. (NYSE:GBTG) has been given an average rating of “Hold” by the eight research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $8.90.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a research note on Wednesday, August 12th.

Global Business Travel Group Stock Performance

Shares of NYSE GBTG opened at $9.46 on Thursday. The business has a fifty day simple moving average of $9.45 and a 200 day simple moving average of $8.23. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 55.68 and a beta of 0.93. Global Business Travel Group has a one year low of $4.95 and a one year high of $9.56. 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 posted its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $810.60 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 37.9% compared to the same quarter last year. Sell-side analysts expect that Global Business Travel Group will post 0.18 EPS for the current year.

Insider Buying and Selling at Global Business Travel Group

In related news, insider Eric J. Bock sold 64,780 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $9.46, for a total value of $612,818.80. Following the completion of the transaction, the insider directly owned 699,177 shares of the company’s stock, valued at approximately $6,614,214.42. This trade represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karen A. Williams sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $9.43, for a total value of $188,600.00. Following the completion of the sale, the chief financial officer owned 548,257 shares in the company, valued at $5,170,063.51. This represents a 3.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 777,442 shares of company stock valued at $7,333,521 in the last 90 days. 5.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Global Business Travel Group

A number of hedge funds have recently added to or reduced their stakes in GBTG. Allworth Financial LP increased its stake in Global Business Travel Group by 683.3% in the second quarter. Allworth Financial LP now owns 3,713 shares of the company’s stock valued at $35,000 after acquiring an additional 3,239 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of Global Business Travel Group during the 2nd quarter worth $95,000. MQS Management LLC acquired a new stake in shares of Global Business Travel Group in the 4th quarter valued at approximately $162,000. Amundi grew its stake in shares of Global Business Travel Group by 145.3% during the first quarter. Amundi now owns 30,218 shares of the company’s stock worth $169,000 after buying an additional 17,899 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Global Business Travel Group during the 2nd quarter worth $179,000. Institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

Global Business Travel Group, Inc (NYSE: GBTG) is a corporate travel management company that provides business travel, meetings and events, and related travel services to organizations worldwide. The company helps businesses manage employee travel programs, arrange transportation and lodging, support travel policy compliance, and improve the efficiency of travel-related spending.

Through its American Express Global Business Travel platform, the company offers booking and travel management tools, traveler support, expense-related solutions, and data and reporting services.