Global Business Travel Group (NYSE:GBTG) Director Sells $163,800.00 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG) Director James Peter Bush sold 17,500 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $9.36, for a total value of $163,800.00. Following the completion of the sale, the director directly owned 120,526 shares in the company, valued at $1,128,123.36. The trade was a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Global Business Travel Group Stock Up 0.1%

NYSE GBTG opened at $9.35 on Monday. 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 PE ratio of 54.97 and a beta of 0.93. Global Business Travel Group, Inc. has a 1 year low of $4.95 and a 1 year high of $9.54. The business’s 50-day moving average is $7.49 and its 200 day moving average is $7.03.

Global Business Travel Group (NYSE:GBTG) last posted 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 company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. The firm’s revenue was up 35.3% compared to the same quarter last year. Sell-side analysts forecast that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Global Business Travel Group

Several large investors have recently made changes to their positions in GBTG. Redwood Capital Management LLC purchased a new position in shares of Global Business Travel Group during the third quarter valued at approximately $173,347,000. Attestor Capital Ltd purchased a new position in shares of Global Business Travel Group during the fourth quarter valued at approximately $67,917,000. Anchorage Capital Advisors L.P. purchased a new position in shares of Global Business Travel Group during the third quarter valued at approximately $58,073,000. Monarch Alternative Capital LP purchased a new position in shares of Global Business Travel Group during the third quarter valued at approximately $57,680,000. Finally, Vanguard Group Inc. lifted its holdings 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 valued at $106,010,000 after purchasing an additional 2,744,068 shares during the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on GBTG. Lake Street Capital set a $9.50 price objective on shares of Global Business Travel Group in a report on Monday, May 4th. BTIG Research lowered shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. UBS Group lowered their price objective on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Wall Street Zen lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft set a $8.20 price objective on shares of Global Business Travel Group in a report on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock 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.