Global Business Travel Group, Inc. (NYSE:GBTG) Given Average Recommendation of “Hold” by Brokerages

Global Business Travel Group, Inc. (NYSE:GBTG) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.90.

Several brokerages recently commented on GBTG. Bank of America began coverage on shares of Global Business Travel Group in a report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 target price for the company. BTIG Research cut shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a report on Wednesday, March 11th. UBS Group reduced their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, Morgan Stanley cut their price target on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, March 9th.

Global Business Travel Group Price Performance

Shares of NYSE GBTG opened at $9.44 on Friday. The firm has a market cap of $4.92 billion, a PE ratio of 55.50 and a beta of 0.93. 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 has a 1-year low of $4.95 and a 1-year high of $9.54. The company has a fifty day moving average price of $8.62 and a 200 day moving average price of $7.22.

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

Insider Transactions at Global Business Travel Group

In other Global Business Travel Group news, Director James Peter Bush sold 17,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $9.36, for a total value of $163,800.00. Following the completion of the sale, the director owned 120,526 shares in the company, valued at $1,128,123.36. This trade represents a 12.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Paul G. Abbott sold 574,317 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $9.35, for a total transaction of $5,369,863.95. Following the completion of the sale, the chief executive officer owned 2,582,911 shares of the company’s stock, valued at approximately $24,150,217.85. This represents a 18.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,572,683 shares of company stock valued at $14,704,271. 5.40% of the stock is owned by company insiders.

Institutional Trading of Global Business Travel Group

A number of large investors have recently added to or reduced their stakes in the company. Redwood Capital Management LLC acquired a new stake in Global Business Travel Group in the third quarter valued at $173,347,000. Vanguard Group Inc. lifted its stake in Global Business Travel Group by 24.7% in the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock valued at $106,010,000 after acquiring an additional 2,744,068 shares during the last quarter. Attestor Capital Ltd acquired a new stake in shares of Global Business Travel Group during the 4th quarter worth about $67,917,000. Monarch Alternative Capital LP lifted its stake in shares of Global Business Travel Group by 9.3% during the 1st quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock worth $43,524,000 after buying an additional 661,418 shares during the last quarter. Finally, Anchorage Capital Advisors L.P. acquired a new stake in shares of Global Business Travel Group during the 3rd quarter worth about $58,073,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

About Global Business Travel Group

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.