Global Business Travel Group (NYSE:GBTG) CEO Paul Abbott Sells 173,460 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) CEO Paul Abbott sold 173,460 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $9.36, for a total value of $1,623,585.60. Following the transaction, the chief executive officer owned 3,373,751 shares in the company, valued at $31,578,309.36. The trade was a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Global Business Travel Group Stock Down 0.1%

GBTG stock opened at $9.35 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 54.97 and a beta of 0.93. The business’s fifty day moving average price is $7.72 and its two-hundred day moving average price is $7.08. Global Business Travel Group, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $9.54.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data 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. The firm had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.The business’s revenue 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

GBTG has been the topic of several recent research reports. UBS Group lowered their price objective on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Weiss Ratings upgraded Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Wall Street Zen lowered Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup reduced their target price on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft set a $8.20 target price on Global Business Travel Group in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Global Business Travel Group presently has a consensus rating of “Hold” and a consensus target price of $8.90.

Institutional Trading of Global Business Travel Group

Several large investors have recently modified their holdings of GBTG. Monarch Alternative Capital LP acquired a new stake in Global Business Travel Group in the third quarter valued at about $57,680,000. Anchorage Capital Advisors L.P. bought a new position in Global Business Travel Group in the third quarter valued at about $58,073,000. SG Americas Securities LLC bought a new position in Global Business Travel Group in the fourth quarter valued at about $1,667,000. Boundary Creek Advisors LP bought a new position in Global Business Travel Group in the third quarter valued at about $22,911,000. Finally, PB Investment Partners L.P. raised its position in Global Business Travel Group by 11.3% in the third quarter. PB Investment Partners L.P. now owns 930,119 shares of the company’s stock valued at $7,515,000 after purchasing an additional 94,623 shares during the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.

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.