Insider Selling: Global Business Travel Group (NYSE:GBTG) Insider Sells 10,000 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $9.46, for a total value of $94,600.00. Following the sale, the insider directly owned 763,957 shares in the company, valued at $7,227,033.22. This trade represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Global Business Travel Group Stock Performance

Shares of GBTG remained flat at $9.46 during mid-day trading on Friday. 2,766,238 shares of the company’s stock were exchanged, compared to its average volume of 2,552,550. The company’s fifty day simple moving average is $9.41 and its two-hundred day simple moving average is $7.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $4.94 billion, a PE ratio of 55.65 and a beta of 0.93. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.54.

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

Institutional Investors Weigh In On Global Business Travel Group

Several large investors have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Global Business Travel Group during the third quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Global Business Travel Group during the 4th quarter worth about $32,000. Advisory Services Network LLC acquired a new stake in shares of Global Business Travel Group in the 3rd quarter valued at approximately $61,000. Creative Planning bought a new stake in shares of Global Business Travel Group during the 2nd quarter worth approximately $67,000. Finally, Russell Investments Group Ltd. increased its position in shares of Global Business Travel Group by 1,238.9% during the third 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 period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Lake Street Capital set a $9.50 price objective on Global Business Travel Group in a research note on Monday, May 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Business Travel Group in a research note on Wednesday, August 12th. BTIG Research cut shares of 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 research note on Monday, May 4th. Finally, Wall Street Zen downgraded Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Global Business Travel Group currently has an average rating of “Hold” and a consensus target price of $8.90.

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.