Global Business Travel Group (NYSE:GBTG) Insider Sells $612,818.80 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 64,780 shares of the company’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 in the company, valued at approximately $6,614,214.42. This trade represents a 8.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Global Business Travel Group Stock Performance

NYSE GBTG opened at $9.47 on Friday. The stock has a fifty day simple moving average of $9.42 and a 200-day simple moving average of $7.82. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.95 billion, a PE ratio of 55.74 and a beta of 0.93. Global Business Travel Group, Inc. has a twelve month low of $4.95 and a twelve month high of $9.54.

Global Business Travel Group (NYSE:GBTG) last issued 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). Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The company had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $810.60 million. During the same quarter last year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was up 37.9% on a year-over-year basis. Equities analysts anticipate that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Attestor Capital Ltd acquired a new position in shares of Global Business Travel Group in the fourth quarter valued at approximately $67,917,000. Lazard Asset Management LLC lifted its holdings in Global Business Travel Group by 439.0% during the 1st quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock worth $3,042,000 after buying an additional 444,003 shares in the last quarter. Quantinno Capital Management LP boosted its position in Global Business Travel Group by 720.9% in the 1st quarter. Quantinno Capital Management LP now owns 208,118 shares of the company’s stock valued at $1,161,000 after buying an additional 182,765 shares during the period. Monarch Alternative Capital LP grew its stake in shares of Global Business Travel Group by 9.3% in the first quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock worth $43,524,000 after acquiring an additional 661,418 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Global Business Travel Group by 90.3% in the first quarter. Sei Investments Co. now owns 343,833 shares of the company’s stock worth $1,919,000 after acquiring an additional 163,173 shares in the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GBTG shares. BTIG Research cut shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Evercore lowered Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen cut 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 target on Global Business Travel Group in a research report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Global Business Travel Group currently has an average rating of “Hold” and a consensus price target of $8.90.

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.