Global Business Travel Group (NYSE:GBTG) Insider Sells $3,327,113.48 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Evan Konwiser sold 356,222 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $9.34, for a total transaction of $3,327,113.48. Following the transaction, the insider owned 502,641 shares of the company’s stock, valued at approximately $4,694,666.94. The trade was a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Global Business Travel Group Price Performance

Shares of GBTG stock traded up $0.02 during mid-day trading on Thursday, reaching $9.36. The company’s stock had a trading volume of 3,300,405 shares, compared to its average volume of 2,850,619. Global Business Travel Group, Inc. has a 1-year low of $4.95 and a 1-year high of $9.54. The company has a market cap of $4.88 billion, a P/E ratio of 55.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50-day moving average is $7.72 and its two-hundred day moving average is $7.08.

Global Business Travel Group (NYSE:GBTG) last issued 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 firm had revenue of $840.00 million for the quarter, compared to analyst estimates of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The business’s quarterly revenue was up 35.3% on a year-over-year basis. On average, research analysts predict that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on GBTG. Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $8.20 price objective on shares of Global Business Travel Group in a research report on Wednesday, March 11th. Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Citigroup reduced their price objective on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, 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. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Global Business Travel Group currently has a consensus rating of “Hold” and an average price target of $8.90.

Institutional Trading of Global Business Travel Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. boosted its holdings in shares of Global Business Travel Group by 17.1% during the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company’s stock worth $111,000 after buying an additional 2,125 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of 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 boosted its holdings in shares of 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 buying an additional 2,504 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of 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 buying an additional 2,549 shares in the last quarter. Finally, Xponance LLC boosted its holdings in shares of Global Business Travel Group by 29.2% during the 4th quarter. Xponance LLC now owns 13,416 shares of the company’s stock worth $103,000 after buying an additional 3,032 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

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.