Global Business Travel Group (NYSE:GBTG) Insider Eric Bock Sells 125,030 Shares

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 125,030 shares of Global Business Travel Group stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $9.36, for a total value of $1,170,280.80. Following the transaction, the insider owned 871,342 shares of the company’s stock, valued at $8,155,761.12. This trade represents a 12.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Global Business Travel Group Price Performance

GBTG stock opened at $9.36 on Tuesday. The company has a market capitalization of $4.88 billion, a P/E ratio of 55.03 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. Global Business Travel Group, Inc. has a 52-week low of $4.95 and a 52-week high of $9.54. The business has a 50-day simple moving average of $7.95 and a two-hundred day simple moving average of $7.12.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings results on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $840.00 million during the quarter, compared to the consensus estimate of $814.55 million. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.The company’s revenue for the quarter 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 Trading of Global Business Travel Group

A number of large investors have recently added to or reduced their stakes in the stock. Redwood Capital Management LLC bought a new stake in Global Business Travel Group in the third quarter worth about $173,347,000. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 2,744,068 shares during the period. Attestor Capital Ltd purchased a new position in shares of Global Business Travel Group during the 4th quarter valued at $67,917,000. Monarch Alternative Capital LP lifted its position 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 valued at $43,524,000 after buying an additional 661,418 shares during the last quarter. Finally, Anchorage Capital Advisors L.P. bought a new position in shares of Global Business Travel Group during the 3rd quarter worth $58,073,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GBTG. Citigroup cut their price target on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. UBS Group cut their price target on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Wall Street Zen downgraded Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research cut shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Finally, Weiss Ratings upgraded Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.90.

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.