Global Business Travel Group, Inc. (NYSE:GBTG) Receives Average Recommendation of “Hold” from Brokerages

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $8.90.

Several equities research analysts have weighed in on the stock. Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Bank of America started coverage on shares of Global Business Travel Group in a research report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price objective on the stock. Weiss Ratings upgraded Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Lake Street Capital set a $9.50 target price on Global Business Travel Group in a research report on Monday, May 4th. Finally, BTIG Research downgraded Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th.

Insider Transactions at Global Business Travel Group

In other news, CEO Paul G. Abbott sold 574,317 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $9.35, for a total transaction of $5,369,863.95. Following the completion of the sale, the chief executive officer owned 2,582,911 shares in the company, valued at $24,150,217.85. The trade was a 18.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric J. Bock sold 90,886 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $9.35, for a total transaction of $849,784.10. Following the sale, the insider owned 773,956 shares of the company’s stock, valued at $7,236,488.60. This trade represents a 10.51% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,572,683 shares of company stock valued at $14,704,271. Company insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Global Business Travel Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of Global Business Travel Group during the 3rd quarter worth $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Global Business Travel Group during the fourth quarter valued at about $32,000. Advisory Services Network LLC purchased a new stake in Global Business Travel Group during the third quarter worth about $61,000. Creative Planning purchased a new stake in Global Business Travel Group during the second quarter worth about $67,000. Finally, Russell Investments Group Ltd. raised its position in 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 worth $73,000 after acquiring an additional 8,350 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Stock Performance

NYSE:GBTG opened at $9.43 on Wednesday. The company has a fifty day moving average of $9.39 and a 200-day moving average of $7.46. The firm has a market capitalization of $4.91 billion, a P/E ratio of 55.44 and a beta of 0.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $9.54.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $840.00 million for the quarter, compared to the consensus estimate of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The company’s revenue was up 35.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Global Business Travel Group will post 0.18 EPS for the current year.

About Global Business Travel Group

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.