Global Business Travel Group, Inc. (NYSE:GBTG) Stock Rated “Hold” by Sell-Side Analysts

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have been given an average rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $8.89.

A number of equities analysts have issued reports on the company. BTIG Research dropped coverage on Global Business Travel Group in a report on Wednesday, September 30th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th.

Insider Activity

In other news, insider Eric Bock sold 64,780 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $9.46, for a total transaction of $612,818.80. Following the sale, the insider directly owned 699,177 shares in the company, valued at approximately $6,614,214.42. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Global Business Travel Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maven Securities LTD purchased a new position in shares of Global Business Travel Group during the 2nd quarter worth approximately $2,547,000. Squarepoint Ops LLC bought a new stake in shares of Global Business Travel Group during the 2nd quarter valued at about $179,000. Allworth Financial LP lifted its position in Global Business Travel Group by 683.3% during the second quarter. Allworth Financial LP now owns 3,713 shares of the company’s stock valued at $35,000 after purchasing an additional 3,239 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Global Business Travel Group by 6.8% in the second 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 position 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 Price Performance

GBTG opened at $9.50 on Friday. Global Business Travel Group has a 1-year low of $4.95 and a 1-year high of $9.56. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 55.88 and a beta of 0.93. The business has a 50 day moving average of $9.49 and a 200-day moving average of $8.15.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%. The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $810.60 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The business’s revenue was up 37.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Global Business Travel Group will post 0.18 earnings per share for the current year.

About Global Business Travel Group

Global Business Travel Group, Inc is a business-to-business travel services company that provides corporate travel, meetings and events, and related travel-management solutions. Through its American Express Global Business Travel business, the company helps organizations plan, book, manage, and optimize employee travel while supporting travelers and travel managers with technology, consulting, and service capabilities.

The company’s offerings include corporate travel booking and servicing, travel policy and program management, meetings and events management, and travel and expense-related solutions.