Insider Selling: Global Business Travel Group (NYSE:GBTG) President Sells 332,662 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) President Andrew George Crawley sold 332,662 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $9.43, for a total value of $3,137,002.66. Following the completion of the transaction, the president directly owned 699,176 shares in the company, valued at approximately $6,593,229.68. This represents a 32.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Andrew George Crawley also recently made the following trade(s):

• On Wednesday, August 5th, Andrew George Crawley sold 350,000 shares of Global Business Travel Group stock. The shares were sold at an average price of $9.43, for a total value of $3,300,500.00.

Global Business Travel Group Stock Performance

Shares of NYSE GBTG traded up $0.01 during mid-day trading on Friday, reaching $9.44. 1,034,205 shares of the company’s stock were exchanged, compared to its average volume of 2,647,839. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.18. The firm has a 50-day moving average price of $9.39 and a two-hundred day moving average price of $7.54.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $810.60 million. During the same quarter in the previous year, the company posted $0.03 EPS. Global Business Travel Group’s quarterly revenue was up 37.9% compared to the same quarter last year. Analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Lake Street Capital set a $9.50 price target on shares of Global Business Travel Group in a report on Monday, May 4th. BTIG Research lowered Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note 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. Weiss Ratings upgraded Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Finally, Wall Street Zen lowered Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Global Business Travel Group presently has an average rating of “Hold” and a consensus target price of $8.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GBTG. Bank of New York Mellon Corp purchased a new position in Global Business Travel Group in the 2nd quarter valued at approximately $4,108,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Global Business Travel Group during the second quarter worth $95,000. Handelsbanken Fonder AB boosted its holdings in shares of Global Business Travel Group by 28.2% in the second quarter. Handelsbanken Fonder AB now owns 39,600 shares of the company’s stock worth $372,000 after acquiring an additional 8,700 shares during the period. Amundi boosted its holdings in shares of Global Business Travel Group by 145.3% in the first quarter. Amundi now owns 30,218 shares of the company’s stock worth $169,000 after acquiring an additional 17,899 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Global Business Travel Group by 43.0% in the first quarter. California State Teachers Retirement System now owns 127,138 shares of the company’s stock valued at $709,000 after purchasing an additional 38,242 shares in the last quarter. 82.46% of the stock is owned by institutional investors.

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.