Global Business Travel Group, Inc. (NYSE:GBTG) Given Consensus Recommendation of “Hold” by Analysts

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

GBTG has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday. Lake Street Capital set a $9.50 price objective on shares of 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. BTIG Research downgraded Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Finally, Evercore lowered Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th.

Insider Buying and Selling

In other news, insider Eric J. Bock sold 90,886 shares of Global Business Travel Group stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.35, for a total transaction of $849,784.10. Following the sale, the insider owned 773,956 shares of the company’s stock, valued at approximately $7,236,488.60. This trade represents a 10.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Evan Konwiser sold 356,222 shares of Global Business Travel Group stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $9.34, for a total value of $3,327,113.48. Following the sale, the insider directly owned 502,641 shares in the company, valued at $4,694,666.94. The trade was a 41.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,275,345 shares of company stock worth $21,330,374. 5.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Global Business Travel Group

A number of institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. raised its stake in shares of Global Business Travel Group by 17.1% in the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company’s stock valued at $111,000 after buying an additional 2,125 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Global Business Travel Group by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock valued at $680,000 after acquiring an additional 2,143 shares in the last quarter. State of Wyoming boosted its position in shares of Global Business Travel Group by 6.5% during the 2nd quarter. State of Wyoming now owns 40,964 shares of the company’s stock valued at $258,000 after acquiring an additional 2,504 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Global Business Travel Group by 28.2% in the fourth quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company’s stock valued at $89,000 after acquiring an additional 2,549 shares during the period. Finally, Xponance LLC increased its stake in Global Business Travel Group by 29.2% in the fourth quarter. Xponance LLC now owns 13,416 shares of the company’s stock valued at $103,000 after acquiring an additional 3,032 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Trading Down 0.1%

Shares of GBTG stock opened at $9.46 on Friday. Global Business Travel Group has a 1 year low of $4.95 and a 1 year high of $9.54. The firm’s fifty day simple moving average is $9.40 and its 200 day simple moving average is $7.62. The firm has a market capitalization of $4.94 billion, a P/E ratio of 55.62 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Tuesday, August 4th. The company reported $0.03 EPS 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 for the quarter, compared to analyst estimates of $810.60 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. Global Business Travel Group’s revenue for the quarter was up 37.9% compared to the same quarter last year. As a group, sell-side analysts predict that Global Business Travel Group will post 0.18 EPS for the current year.

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.