Insider Selling: Global Business Travel Group (NYSE:GBTG) CEO Sells 8,745 Shares of Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CEO Paul Abbott sold 8,745 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $9.36, for a total value of $81,853.20. Following the completion of the transaction, the chief executive officer owned 3,547,211 shares of the company’s stock, valued at $33,201,894.96. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Global Business Travel Group Price Performance

NYSE GBTG traded down $0.01 during trading on Friday, reaching $9.35. 1,289,188 shares of the company traded hands, compared to its average volume of 2,830,515. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50 day moving average price is $7.41 and its two-hundred day moving average price is $7.01. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 54.97 and a beta of 0.93. Global Business Travel Group, Inc. has a 1-year low of $4.95 and a 1-year high of $9.54.

Global Business Travel Group (NYSE:GBTG) last issued its earnings results 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 business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.The firm’s revenue was up 35.3% on a year-over-year basis. As a group, analysts anticipate that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

GBTG has been the topic of several recent analyst reports. Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research note on Monday, May 4th. Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Citigroup reduced their price target 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. Bank of America started coverage on shares of Global Business Travel Group in a research note on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price objective on the stock. Finally, BTIG Research lowered shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.90.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Monarch Alternative Capital LP bought a new stake in Global Business Travel Group in the third quarter valued at about $57,680,000. Anchorage Capital Advisors L.P. bought a new position in Global Business Travel Group during the 3rd quarter worth approximately $58,073,000. SG Americas Securities LLC acquired a new position in Global Business Travel Group during the fourth quarter valued at approximately $1,667,000. Boundary Creek Advisors LP bought a new stake in Global Business Travel Group in the third quarter valued at approximately $22,911,000. Finally, PB Investment Partners L.P. increased its stake in Global Business Travel Group by 11.3% in the third quarter. PB Investment Partners L.P. now owns 930,119 shares of the company’s stock valued at $7,515,000 after purchasing an additional 94,623 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

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.