Global Business Travel Group, Inc. (NYSE:GBTG) Given Consensus Recommendation of “Hold” by Brokerages

Global Business Travel Group, Inc. (NYSE:GBTG) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $8.90.

GBTG has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. UBS Group dropped their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Lake Street Capital set a $9.50 price target on Global Business Travel Group in a report on Monday, May 4th. Morgan Stanley lowered their price target on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Finally, Bank of America began coverage on Global Business Travel Group in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $6.50 price objective on the stock.

Global Business Travel Group Stock Up 0.0%

NYSE:GBTG opened at $9.40 on Friday. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $9.54. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 55.32 and a beta of 0.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average price is $8.96 and its two-hundred day moving average price is $7.28.

Global Business Travel Group (NYSE:GBTG) last released 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. 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 during the quarter, compared to the consensus estimate of $814.55 million. The business’s revenue was up 35.3% on a year-over-year basis. Equities research analysts expect that Global Business Travel Group will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Global Business Travel Group

In related news, Director James Peter Bush sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $9.36, for a total transaction of $163,800.00. Following the transaction, the director directly owned 120,526 shares of the company’s stock, valued at approximately $1,128,123.36. The trade was a 12.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Evan Konwiser sold 356,222 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $9.34, for a total value of $3,327,113.48. Following the sale, the insider directly owned 502,641 shares of the company’s stock, valued at $4,694,666.94. This represents a 41.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,572,683 shares of company stock worth $14,704,271 in the last three months. 5.40% of the stock is owned by insiders.

Institutional Trading of Global Business Travel Group

A number of hedge funds have recently modified their holdings of GBTG. Landscape Capital Management L.L.C. grew its stake in Global Business Travel Group by 17.1% in the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company’s stock valued at $111,000 after buying an additional 2,125 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Global Business Travel Group by 2.5% during the fourth quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock worth $680,000 after acquiring an additional 2,143 shares during the period. State of Wyoming boosted its holdings in shares of Global Business Travel Group by 6.5% during the second quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after acquiring an additional 2,504 shares during the period. Russell Investments Group Ltd. grew its position in shares of Global Business Travel Group by 28.2% in the fourth quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company’s stock valued at $89,000 after purchasing an additional 2,549 shares during the last quarter. Finally, Xponance LLC increased its stake in shares of Global Business Travel Group by 29.2% during the fourth quarter. Xponance LLC now owns 13,416 shares of the company’s stock worth $103,000 after purchasing an additional 3,032 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

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.