Key Points
- Insider sale: Global Business Travel Group insider Evan Konwiser sold 356,222 shares on June 9 at an average price of $9.34, totaling about $3.33 million. His stake fell by 41.48% after the transaction.
- Recent performance: The company reported quarterly EPS of $0.10, beating analyst expectations of $0.05, while revenue rose 35.3% year over year to $840 million.
- Wall Street sentiment: Analysts currently have a mixed view on GBTG, with a consensus rating of Hold and an average price target of $8.90.
Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) insider Evan Konwiser sold 356,222 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $9.34, for a total value of $3,327,113.48. Following the transaction, the insider owned 502,641 shares of the company's stock, valued at approximately $4,694,666.94. The trade was a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Global Business Travel Group Stock Up 0.2%
GBTG stock opened at $9.36 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 and a quick ratio of 1.18. Global Business Travel Group, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $9.54. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 55.03 and a beta of 0.93. The business's fifty day moving average price is $7.80 and its two-hundred day moving average price is $7.09.
Global Business Travel Group (NYSE:GBTG - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $840.00 million for the quarter, compared to analyst estimates of $814.55 million. The company's revenue for the quarter was up 35.3% compared to the same quarter last year. On average, equities analysts anticipate that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on GBTG. Lake Street Capital set a $9.50 price target on shares of Global Business Travel Group in a research note on Monday, May 4th. Citigroup decreased their price objective on shares of Global Business Travel Group from $11.00 to $9.00 and set a "buy" rating for the company in a report on Thursday, March 12th. Evercore lowered Global Business Travel Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. 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, Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Global Business Travel Group has an average rating of "Hold" and a consensus price target of $8.90.
View Our Latest Analysis on Global Business Travel Group
Institutional Investors Weigh In On Global Business Travel Group
A number of large investors have recently bought and sold shares of the stock. Redwood Capital Management LLC purchased a new stake in Global Business Travel Group in the 3rd quarter valued at about $173,347,000. Vanguard Group Inc. grew its position in shares of 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 worth $106,010,000 after buying an additional 2,744,068 shares in the last quarter. Attestor Capital Ltd acquired a new stake in Global Business Travel Group during the fourth quarter valued at approximately $67,917,000. Monarch Alternative Capital LP boosted its holdings in shares of Global Business Travel Group by 9.3% in the 1st quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company's stock valued at $43,524,000 after buying an additional 661,418 shares during the period. Finally, Anchorage Capital Advisors L.P. bought a new position in Global Business Travel Group in the 3rd quarter worth about $58,073,000. Institutional investors and hedge funds own 82.46% of the company's stock.
Global Business Travel Group Company Profile
(
Get Free Report)
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.
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