Brokerages Set Global Business Travel Group, Inc. (NYSE:GBTG) PT at $8.90

Global Business Travel Group, Inc. (NYSE:GBTG) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.90.

A number of brokerages recently commented on GBTG. Weiss Ratings upgraded Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. 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. UBS Group lowered their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft set a $8.20 price objective on shares of Global Business Travel Group in a research note on Wednesday, March 11th. Finally, Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th.

Insider Transactions at Global Business Travel Group

In other Global Business Travel Group news, CFO Karen A. Williams sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul G. Abbott sold 574,317 shares of Global Business Travel Group stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.35, for a total value of $5,369,863.95. Following the sale, the chief executive officer directly owned 2,582,911 shares in the company, valued at $24,150,217.85. The trade was a 18.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,572,683 shares of company stock valued at $14,704,271. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Global Business Travel Group

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of Global Business Travel Group in the 3rd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Global Business Travel Group in the fourth quarter valued at about $32,000. Advisory Services Network LLC bought a new position in Global Business Travel Group in the third quarter valued at about $61,000. Creative Planning acquired a new stake in Global Business Travel Group in the second quarter worth about $67,000. Finally, Russell Investments Group Ltd. increased its position in Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after purchasing an additional 8,350 shares during the period. 82.46% of the stock is currently owned by institutional investors.

Global Business Travel Group Stock Up 0.2%

NYSE GBTG opened at $9.40 on Friday. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $9.54. The stock has a market cap of $4.90 billion, a PE ratio of 55.32 and a beta of 0.93. The firm has a 50-day simple moving average of $8.83 and a 200 day simple moving average of $7.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.18.

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