Global Business Travel Group (NYSE:GBTG) President Andrew George Crawley Sells 332,662 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) President Andrew George Crawley sold 332,662 shares of the stock in a transaction on Thursday, August 6th. The shares were 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 owned 699,176 shares of the company’s stock, valued at $6,593,229.68. The trade was a 32.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Trading Up 0.1%

Shares of GBTG stock opened at $9.44 on Friday. The firm has a market capitalization of $4.92 billion, a P/E ratio of 55.50 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 1.20 and a debt-to-equity ratio of 0.88. The stock’s fifty day simple moving average is $9.39 and its 200 day simple moving average is $7.55.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $870.00 million during 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 for the quarter was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. As a group, sell-side analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Global Business Travel Group

Several large investors have recently modified their holdings of GBTG. Quantbot Technologies LP bought a new stake in Global Business Travel Group in the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Global Business Travel Group in the 4th quarter valued at $32,000. Advisory Services Network LLC bought a new position in Global Business Travel Group during the third quarter valued at about $61,000. Creative Planning bought a new stake in Global Business Travel Group in the second quarter worth about $67,000. Finally, Russell Investments Group Ltd. raised its position in Global Business Travel Group by 1,238.9% in the third 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.

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.