Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) insider Eric Bock sold 90,886 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $9.35, for a total value of $849,784.10. Following the sale, the insider owned 773,956 shares of the company's stock, valued at $7,236,488.60. This represents a 10.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Global Business Travel Group Stock Performance
NYSE:GBTG opened at $9.36 on Tuesday. 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, Inc. has a 12-month low of $4.95 and a 12-month high of $9.54. The stock has a 50-day moving average price of $7.95 and a 200 day moving average price of $7.12. The stock has a market capitalization of $4.88 billion, a P/E ratio of 55.03 and a beta of 0.93.
Global Business Travel Group (NYSE:GBTG - Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during 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. Equities research analysts forecast that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.
Hedge Funds Weigh In On Global Business Travel Group
Institutional investors and hedge funds have recently modified their holdings of the stock. Monarch Alternative Capital LP bought a new stake in shares of Global Business Travel Group during the 3rd quarter worth approximately $57,680,000. Anchorage Capital Advisors L.P. bought a new stake in shares of Global Business Travel Group during the 3rd quarter worth approximately $58,073,000. SG Americas Securities LLC bought a new stake in shares of Global Business Travel Group during the 4th quarter worth approximately $1,667,000. Boundary Creek Advisors LP bought a new stake in shares of Global Business Travel Group during the 3rd quarter worth approximately $22,911,000. Finally, PB Investment Partners L.P. lifted its stake in shares of Global Business Travel Group by 11.3% during the 3rd quarter. PB Investment Partners L.P. now owns 930,119 shares of the company's stock worth $7,515,000 after acquiring an additional 94,623 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company's stock.
Analyst Upgrades and Downgrades
GBTG has been the subject of several research analyst reports. Lake Street Capital set a $9.50 target price on Global Business Travel Group in a research report on Monday, May 4th. Evercore cut Global Business Travel Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Bank of America initiated coverage on Global Business Travel Group in a research report on Tuesday, April 7th. They set a "neutral" rating and a $6.50 target price for the company. Deutsche Bank Aktiengesellschaft set a $8.20 target price on Global Business Travel Group in a research report on Wednesday, March 11th. Finally, Wall Street Zen cut Global Business Travel Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $8.90.
Check Out Our Latest Report on GBTG
About Global Business Travel Group
(
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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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