Global Business Travel Group, Inc. (NYSE:GBTG) Stock Has Average Price Target of $8.90 According to Brokerages

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have received a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $8.90.

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th. BTIG Research reissued a “neutral” rating on shares of Global Business Travel Group in a research report on Wednesday, September 30th.

Insider Buying and Selling

In related news, President Andrew George Crawley sold 332,662 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $9.43, for a total value of $3,137,002.66. Following the transaction, the president directly owned 699,176 shares in the company, valued at approximately $6,593,229.68. This trade represents a 32.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Karen Williams sold 20,000 shares of Global Business Travel Group stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total transaction of $188,600.00. Following the completion of the transaction, the chief financial officer owned 548,257 shares in the company, valued at $5,170,063.51. This trade represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 777,442 shares of company stock valued at $7,333,521. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Global Business Travel Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. lifted its position in shares of Global Business Travel Group by 90.3% during the 1st quarter. Sei Investments Co. now owns 343,833 shares of the company’s stock worth $1,919,000 after purchasing an additional 163,173 shares during the last quarter. Attestor Capital Ltd acquired a new stake in Global Business Travel Group in the 4th quarter valued at approximately $67,917,000. Lazard Asset Management LLC grew its holdings in Global Business Travel Group by 439.0% in the 1st quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock valued at $3,042,000 after buying an additional 444,003 shares during the last quarter. Quantinno Capital Management LP grew its holdings 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 last quarter. Finally, Monarch Alternative Capital LP increased its position in Global Business Travel Group by 9.3% in the 1st quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock worth $43,524,000 after buying an additional 661,418 shares during the period. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG opened at $9.50 on Monday. The stock has a market capitalization of $4.96 billion, a P/E ratio of 55.88 and a beta of 0.93. The business has a 50-day moving average of $9.47 and a two-hundred day moving average of $8.64. Global Business Travel Group has a fifty-two week low of $4.95 and a fifty-two week high of $9.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 EPS 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 company had revenue of $870.00 million for the quarter, compared to analyst estimates of $810.60 million. During the same period in the prior year, the company posted $0.03 EPS. The business’s revenue was up 37.9% on a year-over-year basis. On average, equities research analysts predict that Global Business Travel Group will post 0.18 EPS for the current fiscal year.

About Global Business Travel Group

Global Business Travel Group, Inc (NYSE: GBTG) is a corporate travel management company that provides technology, services and consulting to organizations and their business travelers. The company helps clients plan, book and manage business trips, while supporting travel policy compliance, traveler safety, expense visibility and program optimization.

Its offerings include business travel booking and servicing, travel management solutions, meetings and events services, and data-driven consulting.