Global Business Travel Group (NYSE:GBTG) President Andrew George Crawley Sells 350,000 Shares of Stock

Global Business Travel Group, Inc. (NYSE:GBTG) President Andrew George Crawley sold 350,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total transaction of $3,300,500.00. Following the completion of the sale, the president directly owned 1,031,838 shares in the company, valued at $9,730,232.34. This represents a 25.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew George Crawley also recently made the following trade(s):

• On Thursday, August 6th, Andrew George Crawley sold 332,662 shares of Global Business Travel Group stock. The shares were sold at an average price of $9.43, for a total transaction of $3,137,002.66.

Global Business Travel Group Stock Up 0.1%

NYSE:GBTG traded up $0.01 during mid-day trading on Friday, hitting $9.44. 1,034,205 shares of the company’s stock were exchanged, compared to its average volume of 2,647,839. The company has a market cap of $4.92 billion, a PE ratio of 55.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.18. Global Business Travel Group, Inc. has a one year low of $4.95 and a one year high of $9.54. The business has a fifty day moving average price of $9.39 and a 200 day moving average price of $7.54.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $810.60 million. During the same period in the prior year, the business posted $0.03 EPS. Global Business Travel Group’s revenue for the quarter was up 37.9% on a year-over-year basis. Equities analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Several institutional investors have recently modified their holdings of GBTG. Bank of New York Mellon Corp bought a new stake in Global Business Travel Group in the 2nd quarter worth about $4,108,000. Stoneridge Investment Partners LLC bought a new position in Global Business Travel Group during the 2nd quarter valued at about $95,000. Handelsbanken Fonder AB lifted its stake in Global Business Travel Group by 28.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 39,600 shares of the company’s stock valued at $372,000 after acquiring an additional 8,700 shares during the period. Amundi boosted its holdings in shares of Global Business Travel Group by 145.3% during the 1st quarter. Amundi now owns 30,218 shares of the company’s stock valued at $169,000 after acquiring an additional 17,899 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of Global Business Travel Group by 43.0% during the 1st quarter. California State Teachers Retirement System now owns 127,138 shares of the company’s stock valued at $709,000 after acquiring an additional 38,242 shares during the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GBTG has been the subject of a number of analyst reports. BTIG Research lowered Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings raised 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 price target on Global Business Travel Group in a research report on Monday, May 4th. Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Global Business Travel Group has a consensus rating of “Hold” and an average target price 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.