Insider Selling: Global Business Travel Group (NYSE:GBTG) CFO Sells $93,500.00 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CFO Karen Williams sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $9.35, for a total transaction of $93,500.00. Following the completion of the transaction, the chief financial officer owned 596,157 shares in the company, valued at $5,574,067.95. This trade represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Global Business Travel Group Stock Down 0.1%

Shares of NYSE GBTG opened at $9.36 on Friday. The company has a market capitalization of $4.88 billion, a P/E ratio of 55.03 and a beta of 0.93. Global Business Travel Group, Inc. has a 52-week low of $4.95 and a 52-week high of $9.54. 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 company’s 50 day moving average price is $7.87 and its 200-day moving average price is $7.11.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The company had revenue of $840.00 million for the quarter, compared to the consensus estimate of $814.55 million. The company’s revenue was up 35.3% compared to the same quarter last year. Equities analysts forecast that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Monarch Alternative Capital LP bought a new position in shares of Global Business Travel Group in the third quarter valued at $57,680,000. Anchorage Capital Advisors L.P. bought a new position in shares of Global Business Travel Group in the third quarter valued at $58,073,000. SG Americas Securities LLC bought a new position in shares of Global Business Travel Group in the fourth quarter valued at $1,667,000. Boundary Creek Advisors LP bought a new position in shares of Global Business Travel Group in the third quarter valued at $22,911,000. Finally, PB Investment Partners L.P. lifted its stake in shares of 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 buying an additional 94,623 shares in the last quarter. 82.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

GBTG has been the topic of a number of research reports. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America initiated coverage on shares of Global Business Travel Group in a research report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 target price on the stock. Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Citigroup dropped their target price 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. Finally, Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus 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.