Global Business Travel Group (NYSE:GBTG) Insider Eric Bock Sells 10,000 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 10,000 shares of Global Business Travel Group stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $9.46, for a total transaction of $94,600.00. Following the completion of the transaction, the insider directly owned 763,957 shares in the company, valued at $7,227,033.22. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Global Business Travel Group Stock Performance

Shares of GBTG opened at $9.46 on Friday. Global Business Travel Group, Inc. has a 12 month low of $4.95 and a 12 month high of $9.54. The stock has a fifty day moving average price of $9.41 and a 200-day moving average price of $7.71. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.94 billion, a PE ratio of 55.65 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.The business had revenue of $870.00 million during the quarter, compared to analyst estimates of $810.60 million. During the same period in the previous year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 37.9% compared to the same quarter last year. Equities research analysts predict that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in Global Business Travel Group in the third quarter valued at $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Global Business Travel Group during the 4th quarter valued at about $32,000. Advisory Services Network LLC purchased a new position in shares of Global Business Travel Group during the 3rd quarter valued at about $61,000. Creative Planning acquired a new position in shares of Global Business Travel Group in the 2nd quarter valued at about $67,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Global Business Travel Group by 1,238.9% in 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 during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GBTG. BTIG Research downgraded shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th. 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 target on shares of Global Business Travel Group in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.