Global Business Travel Group (NYSE:GBTG) President Andrew George Crawley Sells 350,000 Shares of Stock

Global Business Travel Group, Inc. (NYSE:GBTG) President Andrew George Crawley sold 350,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total value of $3,300,500.00. Following the completion of the sale, the president directly owned 1,031,838 shares in the company, valued at approximately $9,730,232.34. This represents a 25.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Andrew George Crawley also recently made the following trade(s):

• On Thursday, August 6th, Andrew George Crawley sold 332,662 shares of Global Business Travel Group stock. The stock was sold at an average price of $9.43, for a total value of $3,137,002.66.

Global Business Travel Group Stock Performance

Shares of Global Business Travel Group stock opened at $9.44 on Friday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.18. Global Business Travel Group, Inc. has a 1 year low of $4.95 and a 1 year high of $9.54. The firm’s 50-day moving average is $9.39 and its 200 day moving average is $7.55.

Global Business Travel Group (NYSE:GBTG) last issued its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $810.60 million. Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.The firm’s quarterly revenue was up 37.9% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. Sell-side analysts anticipate that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GBTG. Wall Street Zen lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research downgraded Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th. Evercore lowered Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. 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. Finally, Lake Street Capital set a $9.50 price target on Global Business Travel Group in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.90.

Institutional Trading of Global Business Travel Group

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in Global Business Travel Group in the third quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Global Business Travel Group during the 4th quarter valued at $32,000. Advisory Services Network LLC purchased a new stake in Global Business Travel Group during the 3rd quarter valued at $61,000. Creative Planning bought a new position in shares of Global Business Travel Group during the 2nd quarter valued at $67,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Global Business Travel Group by 1,238.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after buying an additional 8,350 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors.

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.