Insider Selling: Global Business Travel Group (NYSE:GBTG) CEO Sells $81,853.20 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CEO Paul Abbott sold 8,745 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $9.36, for a total value of $81,853.20. Following the completion of the sale, the chief executive officer owned 3,547,211 shares of the company’s stock, valued at $33,201,894.96. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Global Business Travel Group Stock Down 0.1%

Shares of Global Business Travel Group stock traded down $0.01 on Friday, hitting $9.35. The company had a trading volume of 1,289,188 shares, compared to its average volume of 2,830,515. The stock has a 50-day moving average of $7.41 and a 200-day moving average of $7.01. 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 twelve month low of $4.95 and a twelve month high of $9.54. The firm has a market capitalization of $4.87 billion, a P/E ratio of 54.97 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. Research analysts predict that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GBTG. Amundi grew its stake in Global Business Travel Group by 145.3% in the first quarter. Amundi now owns 30,218 shares of the company’s stock valued at $169,000 after purchasing an additional 17,899 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Global Business Travel Group by 43.0% during the 1st quarter. California State Teachers Retirement System now owns 127,138 shares of the company’s stock worth $709,000 after purchasing an additional 38,242 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Global Business Travel Group by 720.9% in the 1st quarter. Quantinno Capital Management LP now owns 208,118 shares of the company’s stock valued at $1,161,000 after buying an additional 182,765 shares during the last quarter. 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 last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Global Business Travel Group by 439.0% in the first quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock valued at $3,042,000 after buying an additional 444,003 shares in the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GBTG shares. Wall Street Zen cut Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $8.20 price target on shares of Global Business Travel Group in a research note on Wednesday, March 11th. Weiss Ratings raised shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Morgan Stanley reduced their target price on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 9th. Finally, Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.90.

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.