Insider Selling: Global Business Travel Group (NYSE:GBTG) Insider Sells 90,886 Shares of Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 90,886 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.35, for a total transaction of $849,784.10. Following the completion of the transaction, the insider directly 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 filing with the SEC, which can be accessed through the SEC website.

Global Business Travel Group Stock Down 0.1%

NYSE:GBTG traded down $0.01 on Monday, hitting $9.36. The stock had a trading volume of 930,335 shares, compared to its average volume of 2,818,420. 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 stock has a market cap of $4.88 billion, a P/E ratio of 55.03 and a beta of 0.93. Global Business Travel Group, Inc. has a 1 year low of $4.95 and a 1 year high of $9.54. The firm’s fifty day simple moving average is $7.87 and its two-hundred day simple moving average is $7.11.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $840.00 million during the quarter, compared to analyst estimates of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. Analysts predict that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Several large investors have recently modified their holdings of the stock. Monarch Alternative Capital LP purchased a new position in Global Business Travel Group in the 3rd quarter valued at approximately $57,680,000. Anchorage Capital Advisors L.P. purchased a new position in Global Business Travel Group in the 3rd quarter valued at approximately $58,073,000. SG Americas Securities LLC purchased a new position in Global Business Travel Group in the 4th quarter valued at approximately $1,667,000. Boundary Creek Advisors LP purchased a new position in Global Business Travel Group in the 3rd quarter valued at approximately $22,911,000. Finally, PB Investment Partners L.P. grew its stake in Global Business Travel Group by 11.3% in the 3rd 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. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Analysts Set New Price Targets

GBTG has been the subject of several analyst reports. Evercore lowered 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 lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $8.20 price objective on shares of Global Business Travel Group in a research note on Wednesday, March 11th. Morgan Stanley decreased their price target on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, March 9th. Finally, Citigroup decreased their price target on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Global Business Travel Group currently has an average 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.