Paul Abbott Sells 8,745 Shares of Global Business Travel Group (NYSE:GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) CEO Paul Abbott sold 8,745 shares of Global Business Travel Group stock in a transaction on Friday, June 5th. The stock was sold at an average price of $9.36, for a total transaction of $81,853.20. Following the transaction, the chief executive officer directly owned 3,547,211 shares in the company, valued at approximately $33,201,894.96. This 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 accessible through this link.

Global Business Travel Group Trading Down 0.1%

Shares of NYSE GBTG opened at $9.35 on Friday. The company’s fifty day moving average is $7.49 and its 200-day moving average is $7.03. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 54.97 and a beta of 0.93. Global Business Travel Group, Inc. has a twelve month low of $4.95 and a twelve month high of $9.54. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company 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%. Global Business Travel Group’s quarterly revenue was up 35.3% on a year-over-year basis. Equities research analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Global Business Travel Group in the 3rd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Global Business Travel Group in the 4th quarter valued at $32,000. Advisory Services Network LLC acquired a new stake in Global Business Travel Group in the 3rd quarter valued at $61,000. Creative Planning acquired a new stake in Global Business Travel Group in the 2nd quarter valued at $67,000. Finally, Russell Investments Group Ltd. increased its stake in Global Business Travel Group by 1,238.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock valued at $73,000 after buying an additional 8,350 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group dropped their price objective 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 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. Deutsche Bank Aktiengesellschaft set a $8.20 price objective on shares of Global Business Travel Group in a report on Wednesday, March 11th. Finally, Citigroup dropped their price objective on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.