Karen Williams Sells 20,000 Shares of Global Business Travel Group (NYSE:GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CFO Karen Williams sold 20,000 shares of Global Business Travel Group stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $9.43, for a total transaction of $188,600.00. Following the completion of the sale, the chief financial officer owned 548,257 shares of the company’s stock, valued at $5,170,063.51. This represents a 3.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Global Business Travel Group Stock Up 0.1%

NYSE GBTG traded up $0.01 on Friday, hitting $9.44. 1,034,205 shares of the company were exchanged, compared to its average volume of 2,647,839. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.92 billion, a PE ratio of 55.50 and a beta of 0.93. The stock has a fifty day moving average of $9.39 and a 200-day moving average of $7.54. 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 results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $810.60 million. During the same period last year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. As a group, analysts forecast that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Several institutional investors have recently added to or reduced their stakes in GBTG. Quantbot Technologies LP bought a new stake in shares of Global Business Travel Group in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Global Business Travel Group in the fourth quarter valued at $32,000. Advisory Services Network LLC bought a new stake in shares of Global Business Travel Group during the 3rd quarter valued at $61,000. Creative Planning bought a new position in Global Business Travel Group in the 2nd quarter worth about $67,000. Finally, Russell Investments Group Ltd. grew its holdings in Global Business Travel Group by 1,238.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock valued at $73,000 after buying an additional 8,350 shares in the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on GBTG shares. Wall Street Zen cut Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research cut Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. 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. Evercore lowered shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Lake Street Capital set a $9.50 price objective on shares of Global Business Travel Group in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Global Business Travel Group presently has a consensus rating of “Hold” and an average price target 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.