Global Business Travel Group (NYSE:GBTG) Insider Eric Bock Sells 90,886 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 90,886 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $9.35, for a total value of $849,784.10. Following the completion of the sale, the insider directly owned 773,956 shares in the company, valued at approximately $7,236,488.60. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Global Business Travel Group Trading Down 0.1%

NYSE GBTG opened at $9.36 on Tuesday. Global Business Travel Group, Inc. has a 12 month low of $4.95 and a 12 month high of $9.54. The stock has a market cap of $4.88 billion, a P/E ratio of 55.03 and a beta of 0.93. The stock’s fifty day moving average price is $7.95 and its 200-day moving average price is $7.12. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90.

Global Business Travel Group (NYSE:GBTG) last released 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 return on equity of 2.51% and a net margin of 2.93%.The firm had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group’s quarterly revenue was up 35.3% on a year-over-year basis. As a group, equities analysts forecast that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group in the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Global Business Travel Group in the fourth quarter worth about $32,000. Advisory Services Network LLC bought a new position in shares of Global Business Travel Group in the third quarter worth about $61,000. Creative Planning bought a new position in shares of Global Business Travel Group in the second quarter worth about $67,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after buying an additional 8,350 shares during the period. Institutional investors own 82.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America assumed coverage on Global Business Travel Group in a research report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price objective on the stock. Citigroup dropped their price objective on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft set a $8.20 price objective on Global Business Travel Group in a research report on Wednesday, March 11th. Lake Street Capital set a $9.50 price objective on Global Business Travel Group in a research report on Monday, May 4th. Finally, Morgan Stanley dropped their price objective on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.