Global Business Travel Group (NYSE:GBTG) Insider Sells $849,784.10 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 90,886 shares of the firm’s stock in a transaction 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 completion of the sale, the insider owned 773,956 shares in the company, valued at approximately $7,236,488.60. The trade was a 10.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Global Business Travel Group Trading Up 0.2%

Shares of Global Business Travel Group stock opened at $9.38 on Thursday. The company’s fifty day simple moving average is $8.10 and its 200-day simple moving average is $7.14. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 55.15 and a beta of 0.93. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. 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 announced its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $840.00 million for the quarter, compared to the consensus estimate of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The company’s revenue was up 35.3% on a year-over-year basis. As a group, sell-side analysts expect that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on GBTG. Bank of America began 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 target on the stock. Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Finally, Citigroup decreased 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 note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Global Business Travel Group has an average rating of “Hold” and an average price target of $8.90.

Institutional Investors Weigh In On Global Business Travel Group

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

Global Business Travel Group Company Profile

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.