Global Business Travel Group (NYSE:GBTG) CFO Karen Williams Sells 10,000 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) CFO Karen Williams sold 10,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $9.35, for a total transaction of $93,500.00. Following the transaction, the chief financial officer owned 596,157 shares in the company, valued at approximately $5,574,067.95. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Global Business Travel Group Stock Down 0.1%

Global Business Travel Group stock traded down $0.01 during midday trading on Wednesday, hitting $9.35. 3,532,760 shares of the company’s stock were exchanged, compared to its average volume of 2,846,531. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.18. Global Business Travel Group, Inc. has a 12 month low of $4.95 and a 12 month high of $9.54. The firm has a 50-day moving average of $7.64 and a two-hundred day moving average of $7.06. The company has a market cap of $4.87 billion, a PE ratio of 54.97 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG) last issued 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 net margin of 2.93% and a return on equity of 2.51%. The company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group’s revenue was up 35.3% on a year-over-year basis. As a group, analysts expect that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GBTG has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective 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. Weiss Ratings raised Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Citigroup reduced their price target on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Lake Street Capital set a $9.50 price target on Global Business Travel Group in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.90.

Institutional Investors Weigh In On Global Business Travel Group

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 third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Global Business Travel Group in the 4th quarter valued at $32,000. Advisory Services Network LLC acquired a new position in shares of Global Business Travel Group in the 3rd quarter valued at $61,000. Creative Planning purchased a new position in Global Business Travel Group in the 2nd quarter worth $67,000. Finally, Russell Investments Group Ltd. lifted its position in Global Business Travel Group by 1,238.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after acquiring an additional 8,350 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.