Global Business Travel Group (NYSE:GBTG) Sees Unusually-High Trading Volume – What’s Next?

Global Business Travel Group, Inc. (NYSE:GBTG) saw strong trading volume on Thursday . Approximately 6,837,316 shares changed hands during trading, an increase of 176% from the previous session’s volume of 2,473,629 shares.The stock last traded at $9.4650 and had previously closed at $9.47.

Wall Street Analysts Forecast Growth

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

Global Business Travel Group Trading Down 0.1%

The firm has a 50-day moving average price of $9.45 and a 200 day moving average price of $8.23. 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 company has a market cap of $4.94 billion, a price-to-earnings ratio of 55.68 and a beta of 0.93.

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 company had revenue of $870.00 million for 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%. The firm’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. As a group, sell-side analysts forecast that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Global Business Travel Group

In other Global Business Travel Group news, insider Eric J. Bock sold 64,780 shares of Global Business Travel Group 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 transaction, the insider owned 699,177 shares of the company’s stock, valued at $6,614,214.42. The trade was a 8.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Karen A. Williams sold 20,000 shares of the business’s stock in a transaction that occurred 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 approximately $5,170,063.51. The trade was a 3.52% decrease in their position. The SEC filing for this sale provides additional information. 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 corporate insiders.

Institutional Trading of Global Business Travel Group

Several institutional investors have recently made changes to their positions in the business. Attestor Capital Ltd bought a new position in shares of Global Business Travel Group in the fourth quarter valued at about $67,917,000. Lazard Asset Management LLC raised its stake in shares of Global Business Travel Group by 439.0% in the 1st quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock valued at $3,042,000 after purchasing an additional 444,003 shares during the period. Quantinno Capital Management LP boosted its holdings in Global Business Travel Group by 720.9% during the first quarter. Quantinno Capital Management LP now owns 208,118 shares of the company’s stock worth $1,161,000 after purchasing an additional 182,765 shares during the last quarter. Monarch Alternative Capital LP boosted its position in Global Business Travel Group by 9.3% during the first quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock valued at $43,524,000 after purchasing an additional 661,418 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Global Business Travel Group by 90.3% in the 1st quarter. Sei Investments Co. now owns 343,833 shares of the company’s stock valued at $1,919,000 after buying an additional 163,173 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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.