Global Business Travel Group (NYSE:GBTG) Earns “Neutral” Rating from BTIG Research

Global Business Travel Group (NYSE:GBTG)‘s stock had its “neutral” rating reissued by equities researchers at BTIG Research in a report released on Wednesday, Benzinga reports.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Global Business Travel Group currently has an average rating of “Hold” and a consensus target price of $8.90.

Global Business Travel Group Stock Performance

Shares of GBTG stock opened at $9.49 on Wednesday. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 55.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. Global Business Travel Group has a one year low of $4.95 and a one year high of $9.56. The company’s 50-day moving average is $9.46 and its 200 day moving average is $8.47.

Global Business Travel Group (NYSE:GBTG) last issued its earnings results 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 firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $810.60 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company’s quarterly revenue was up 37.9% on a year-over-year basis. Sell-side analysts expect that Global Business Travel Group will post 0.18 EPS for the current fiscal year.

Insider Activity

In other news, CFO Karen A. Williams sold 20,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $9.43, for a total value of $188,600.00. Following the completion of the sale, the chief financial officer directly owned 548,257 shares of the company’s stock, valued at $5,170,063.51. This represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eric J. Bock sold 64,780 shares of Global Business Travel Group stock in a transaction on Friday, August 21st. The shares were sold at an average price of $9.46, for a total transaction of $612,818.80. Following the transaction, the insider owned 699,177 shares in the company, valued at approximately $6,614,214.42. This trade represents a 8.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 777,442 shares of company stock valued at $7,333,521 in the last 90 days. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Global Business Travel Group

Institutional investors have recently added to or reduced their stakes in the stock. Maven Securities LTD bought a new stake in shares of Global Business Travel Group during the second quarter valued at approximately $2,547,000. Squarepoint Ops LLC bought a new position in shares of Global Business Travel Group during the second quarter worth $179,000. Allworth Financial LP grew its stake 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 acquiring an additional 3,239 shares in the last quarter. Arizona State Retirement System grew its stake in Global Business Travel Group by 6.8% during the second quarter. Arizona State Retirement System now owns 31,047 shares of the company’s stock valued at $292,000 after acquiring an additional 1,966 shares in the last quarter. Finally, Carmignac Gestion bought a new stake in Global Business Travel Group in the 2nd quarter valued at $2,972,000. 82.46% of the stock is owned by hedge funds and other institutional investors.

Global Business Travel Group Company Profile

Global Business Travel Group, Inc (NYSE: GBTG) is a corporate travel management company that provides business travel, meetings and events, and related travel services to organizations worldwide. The company helps businesses manage employee travel programs, arrange transportation and lodging, support travel policy compliance, and improve the efficiency of travel-related spending.

Through its American Express Global Business Travel platform, the company offers booking and travel management tools, traveler support, expense-related solutions, and data and reporting services.