Global Business Travel Group, Inc. (NYSE:GBTG) Stock Has Average Target Price of $8.90 According to Brokerages

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) have received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.90.

Several research analysts have recently issued reports on GBTG shares. BTIG Research restated a “neutral” rating on shares of Global Business Travel Group in a research note on Wednesday, September 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th.

Global Business Travel Group Price Performance

NYSE GBTG opened at $9.50 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s fifty day moving average price is $9.47 and its 200 day moving average price is $8.69. Global Business Travel Group has a 1 year low of $4.95 and a 1 year high of $9.56. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 55.88 and a beta of 0.93.

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

Insiders Place Their Bets

In other news, insider Eric J. Bock sold 64,780 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $9.46, for a total value of $612,818.80. Following the sale, the insider directly owned 699,177 shares of the company’s stock, valued at $6,614,214.42. This represents a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the president owned 1,031,838 shares in the company, valued at $9,730,232.34. The trade was a 25.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 777,442 shares of company stock valued at $7,333,521. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Maven Securities LTD purchased a new position in shares of Global Business Travel Group during the 2nd quarter valued at about $2,547,000. Squarepoint Ops LLC purchased a new stake in shares of Global Business Travel Group in the second quarter worth about $179,000. Allworth Financial LP boosted its stake in shares of Global Business Travel Group by 683.3% in the second quarter. Allworth Financial LP now owns 3,713 shares of the company’s stock worth $35,000 after buying an additional 3,239 shares during the last quarter. Arizona State Retirement System boosted 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 buying an additional 1,966 shares during the last quarter. Finally, Carmignac Gestion acquired a new stake in Global Business Travel Group during the second quarter worth about $2,972,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

Global Business Travel Group, Inc (NYSE: GBTG) is a corporate travel management company that provides technology, services and consulting to organizations and their business travelers. The company helps clients plan, book and manage business trips, while supporting travel policy compliance, traveler safety, expense visibility and program optimization.

Its offerings include business travel booking and servicing, travel management solutions, meetings and events services, and data-driven consulting.