Global Business Travel Group, Inc. (NYSE:GBTG) Receives Average Rating of “Hold” from Brokerages

Global Business Travel Group, Inc. (NYSE:GBTG) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $8.90.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th.

Insider Activity at Global Business Travel Group

In other Global Business Travel Group news, President Andrew George Crawley sold 350,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total transaction of $3,300,500.00. Following the completion of the transaction, the president directly owned 1,031,838 shares of the company’s stock, valued at approximately $9,730,232.34. This represents a 25.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric Bock sold 90,886 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.35, for a total value of $849,784.10. Following the transaction, the insider owned 773,956 shares of the company’s stock, valued at $7,236,488.60. The trade was a 10.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 868,328 shares of company stock worth $8,183,306. Insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Global Business Travel Group

Several hedge funds and other institutional investors have recently modified their holdings of GBTG. Maven Securities LTD purchased a new stake in shares of Global Business Travel Group in the second quarter worth about $2,547,000. Squarepoint Ops LLC purchased a new position in Global Business Travel Group during the second quarter valued at approximately $179,000. Allworth Financial LP increased its holdings in Global Business Travel Group by 683.3% during the 2nd quarter. Allworth Financial LP now owns 3,713 shares of the company’s stock worth $35,000 after acquiring an additional 3,239 shares during the period. Arizona State Retirement System lifted its stake in Global Business Travel Group by 6.8% in the 2nd quarter. Arizona State Retirement System now owns 31,047 shares of the company’s stock worth $292,000 after purchasing an additional 1,966 shares in the last quarter. Finally, Carmignac Gestion purchased a new stake in Global Business Travel Group in the 2nd quarter worth approximately $2,972,000. 82.46% of the stock is currently owned by institutional investors.

Global Business Travel Group Stock Performance

Shares of GBTG opened at $9.48 on Thursday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 55.79 and a beta of 0.93. The stock has a 50 day moving average price of $9.44 and a two-hundred day moving average price of $8.08. Global Business Travel Group has a 52 week low of $4.95 and a 52 week high of $9.56. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data 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). The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $810.60 million. Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. Global Business Travel Group’s revenue was up 37.9% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share.

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.