Global Business Travel Group (NYSE:GBTG) Insider Sells $1,170,280.80 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 125,030 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $9.36, for a total transaction of $1,170,280.80. Following the completion of the transaction, the insider directly owned 871,342 shares in the company, valued at approximately $8,155,761.12. The trade was a 12.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Global Business Travel Group Stock Performance

Shares of GBTG traded down $0.01 on Monday, reaching $9.36. The company’s stock had a trading volume of 930,335 shares, compared to its average volume of 2,818,420. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $4.88 billion, a P/E ratio of 55.03 and a beta of 0.93. The stock’s 50 day simple moving average is $7.87 and its two-hundred day simple moving average is $7.11. Global Business Travel Group, Inc. has a 12-month low of $4.95 and a 12-month high of $9.54.

Global Business Travel Group (NYSE:GBTG) last posted 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 the consensus estimate of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The company’s revenue was up 35.3% on a year-over-year basis. Research analysts forecast that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

Several large investors have recently bought and sold shares of GBTG. Redwood Capital Management LLC bought a new stake in Global Business Travel Group in the third quarter worth $173,347,000. Attestor Capital Ltd bought a new stake in Global Business Travel Group in the fourth quarter worth $67,917,000. Anchorage Capital Advisors L.P. bought a new stake in Global Business Travel Group in the third quarter worth $58,073,000. Monarch Alternative Capital LP bought a new stake in Global Business Travel Group in the third quarter worth $57,680,000. Finally, Vanguard Group Inc. increased its position in Global Business Travel Group by 24.7% in the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after purchasing an additional 2,744,068 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GBTG shares. Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research note on Monday, May 4th. Bank of America began coverage on shares of Global Business Travel Group in a report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price objective for the company. Citigroup cut their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. BTIG Research cut shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th. Finally, Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Global Business Travel Group has an average rating of “Hold” and a consensus price target of $8.90.

Global Business Travel Group Company Profile

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.