Global Business Travel Group (NYSE:GBTG) Insider Eric Bock Sells 90,886 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 90,886 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.35, for a total value of $849,784.10. Following the sale, the insider owned 773,956 shares in the company, valued at approximately $7,236,488.60. The trade was a 10.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Global Business Travel Group Trading Down 0.1%

Shares of Global Business Travel Group stock traded down $0.01 on Monday, hitting $9.36. 930,335 shares of the company’s stock traded hands, compared to its average volume of 2,818,420. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 55.03 and a beta of 0.93. The company has a fifty day moving average of $7.87 and a two-hundred day moving average of $7.11. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 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.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $840.00 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 35.3% compared to the same quarter last year. As a group, sell-side analysts expect that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Global Business Travel Group

Several large investors have recently added to or reduced their stakes in the business. Redwood Capital Management LLC bought a new position in Global Business Travel Group in the 3rd quarter valued at about $173,347,000. Vanguard Group Inc. lifted its position in Global Business Travel Group by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock valued at $106,010,000 after acquiring an additional 2,744,068 shares in the last quarter. Attestor Capital Ltd bought a new position in Global Business Travel Group in the 4th quarter valued at about $67,917,000. Monarch Alternative Capital LP lifted 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 valued at $43,524,000 after acquiring an additional 661,418 shares in the last quarter. Finally, Anchorage Capital Advisors L.P. bought a new position in Global Business Travel Group in the 3rd quarter valued at about $58,073,000. Institutional investors own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GBTG. Morgan Stanley cut their price objective on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. 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. Citigroup cut their price objective on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Weiss Ratings raised shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft set a $8.20 price objective on shares of Global Business Travel Group in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Global Business Travel Group currently has an average 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.