Eric Bock Sells 125,030 Shares of Global Business Travel Group (NYSE:GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 125,030 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $9.36, for a total value of $1,170,280.80. Following the completion of the transaction, the insider owned 871,342 shares in the company, valued at $8,155,761.12. The trade was a 12.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Global Business Travel Group Stock Performance

NYSE:GBTG opened at $9.36 on Wednesday. The stock’s 50-day moving average is $8.03 and its 200-day moving average is $7.13. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. The stock has a market cap of $4.88 billion, a P/E ratio of 55.03 and a beta of 0.93. Global Business Travel Group, Inc. has a 1-year low of $4.95 and a 1-year high of $9.54.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $840.00 million for the quarter, compared to analyst estimates 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. Equities research analysts anticipate that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Global Business Travel Group

Large investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group in the 3rd quarter worth $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Global Business Travel Group in the 4th quarter worth $32,000. Advisory Services Network LLC bought a new position in shares of Global Business Travel Group in the 3rd quarter worth $61,000. Creative Planning bought a new position in shares of Global Business Travel Group in the 2nd quarter worth $67,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Global Business Travel Group by 1,238.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after purchasing an additional 8,350 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. BTIG Research lowered Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th. Bank of America assumed coverage on Global Business Travel Group in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $6.50 price target on the stock. Wall Street Zen lowered Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup dropped their price target 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, Lake Street Capital set a $9.50 price target on Global Business Travel Group in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently 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.