Global Business Travel Group, Inc. (NYSE:GBTG) Given Average Recommendation of “Hold” by Analysts

Global Business Travel Group, Inc. (NYSE:GBTG) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $8.90.

GBTG has been the topic of several recent analyst reports. Bank of America assumed coverage on Global Business Travel Group in a report on Tuesday, April 7th. They issued a “neutral” rating and a $6.50 price target on the stock. Weiss Ratings raised Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. BTIG Research downgraded shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th. Finally, Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research report on Monday, May 4th.

Global Business Travel Group Trading Up 0.1%

Shares of GBTG stock opened at $9.41 on Wednesday. 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 has a 52-week low of $4.95 and a 52-week high of $9.54. The company has a market capitalization of $4.91 billion, a PE ratio of 55.38 and a beta of 0.93. The business’s fifty day moving average is $9.39 and its 200 day moving average is $7.41.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data 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 company had revenue of $840.00 million during the quarter, compared to analyst estimates of $814.55 million. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. On average, equities research analysts anticipate that Global Business Travel Group will post 0.18 EPS for the current fiscal year.

Insider Transactions at Global Business Travel Group

In other news, insider Eric J. Bock sold 125,030 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $9.36, for a total transaction of $1,170,280.80. Following the sale, the insider owned 871,342 shares in the company, valued at approximately $8,155,761.12. This trade represents a 12.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Peter Bush sold 17,500 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $9.36, for a total transaction of $163,800.00. Following the completion of the transaction, the director owned 120,526 shares of the company’s stock, valued at $1,128,123.36. This trade represents a 12.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,572,683 shares of company stock worth $14,704,271. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Global Business Travel Group

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Global Business Travel Group in the 4th quarter worth approximately $1,667,000. Attestor Capital Ltd purchased a new stake in Global Business Travel Group in the fourth quarter worth approximately $67,917,000. GSA Capital Partners LLP grew its position in Global Business Travel Group by 318.3% during the fourth quarter. GSA Capital Partners LLP now owns 138,798 shares of the company’s stock valued at $1,062,000 after acquiring an additional 105,615 shares during the last quarter. Vanguard Group Inc. grew its position in Global Business Travel Group by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock valued at $106,010,000 after acquiring an additional 2,744,068 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Global Business Travel Group by 18.0% during the fourth quarter. UBS Group AG now owns 815,625 shares of the company’s stock worth $6,240,000 after acquiring an additional 124,344 shares in the last quarter. Institutional investors 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.