Global Business Travel Group (NYSE:GBTG) Insider Sells $1,170,280.80 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 125,030 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $9.36, for a total transaction of $1,170,280.80. Following the completion of the sale, the insider owned 871,342 shares in the company, valued at $8,155,761.12. This represents a 12.55% 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 Price Performance

GBTG traded down $0.01 during trading hours on Monday, hitting $9.36. The company’s stock had a trading volume of 930,335 shares, compared to its average volume of 2,818,420. The business’s 50-day moving average price is $7.87 and its 200-day moving average price is $7.11. Global Business Travel Group, Inc. has a 12 month low of $4.95 and a 12 month high of $9.54. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 55.03 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 (NYSE:GBTG) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. Sell-side analysts expect that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on GBTG. 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. Citigroup cut their price objective on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report 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 report on Friday, May 15th. Finally, Bank of America began coverage on shares of Global Business Travel Group in a research report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price objective on the stock. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.90.

Institutional Trading of Global Business Travel Group

A number of large investors have recently made changes to their positions in GBTG. AQR Capital Management LLC boosted its stake in shares of Global Business Travel Group by 169.9% during the first quarter. AQR Capital Management LLC now owns 64,060 shares of the company’s stock valued at $465,000 after purchasing an additional 40,328 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Global Business Travel Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after purchasing an additional 3,238 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Global Business Travel Group by 66.6% during the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock valued at $5,347,000 after purchasing an additional 294,527 shares during the period. Creative Planning purchased a new stake in shares of Global Business Travel Group during the second quarter valued at $67,000. Finally, Legal & General Group Plc boosted its stake in shares of Global Business Travel Group by 4.0% during the second quarter. Legal & General Group Plc now owns 112,365 shares of the company’s stock valued at $708,000 after purchasing an additional 4,308 shares during the period. 82.46% of the stock is owned by hedge funds and other 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.