James Peter Bush Sells 17,500 Shares of Global Business Travel Group (NYSE:GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) Director James Peter Bush sold 17,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $9.36, for a total transaction of $163,800.00. Following the completion of the transaction, the director owned 120,526 shares of the company’s stock, valued at $1,128,123.36. This represents a 12.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Global Business Travel Group Stock Performance

Shares of Global Business Travel Group stock opened at $9.35 on Friday. The company has a market capitalization of $4.87 billion, a PE ratio of 54.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.18. The company has a 50-day simple moving average of $7.49 and a two-hundred day simple moving average of $7.03. Global Business Travel Group, Inc. has a one year low of $4.95 and a one year high of $9.54.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Monday, May 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The business had revenue of $840.00 million during the quarter, compared to the consensus estimate of $814.55 million. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. Research analysts expect that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Global Business Travel Group in the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Global Business Travel Group in the 4th quarter worth approximately $32,000. Advisory Services Network LLC purchased a new stake in Global Business Travel Group in the 3rd quarter worth approximately $61,000. Russell Investments Group Ltd. boosted its position in Global Business Travel Group by 1,238.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after purchasing an additional 8,350 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Global Business Travel Group in the 3rd quarter worth approximately $81,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 15th. UBS Group cut their price objective on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Morgan Stanley cut their price objective on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.90.

Global Business Travel Group Company Profile

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.