Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) Director James Peter Bush sold 17,500 shares of Global Business Travel Group stock in a transaction on Friday, June 5th. The stock was sold at an average price of $9.36, for a total value of $163,800.00. Following the sale, the director owned 120,526 shares in the company, valued at $1,128,123.36. The trade was a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Global Business Travel Group Stock Performance
GBTG traded down $0.01 during trading on Friday, hitting $9.35. 1,289,188 shares of the company traded hands, compared to its average volume of 2,830,515. Global Business Travel Group, Inc. has a one year low of $4.95 and a one year high of $9.54. The stock’s fifty day moving average is $7.41 and its 200 day moving average is $7.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90. The firm has a market cap of $4.87 billion, a P/E ratio of 54.97 and a beta of 0.93.
Global Business Travel Group (NYSE:GBTG – Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, beating 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 firm had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group’s revenue was up 35.3% on a year-over-year basis. As a group, equities analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.
Analyst Ratings Changes
View Our Latest Analysis on Global Business Travel Group
Institutional Investors Weigh In On Global Business Travel Group
Several hedge funds have recently added to or reduced their stakes in GBTG. Amundi raised its holdings in shares of Global Business Travel Group by 145.3% during the 1st quarter. Amundi now owns 30,218 shares of the company’s stock valued at $169,000 after buying an additional 17,899 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Global Business Travel Group by 43.0% in the 1st quarter. California State Teachers Retirement System now owns 127,138 shares of the company’s stock valued at $709,000 after purchasing an additional 38,242 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Global Business Travel Group by 720.9% in 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 increased its holdings in shares of Global Business Travel Group by 9.3% in the first 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 period. Finally, Lazard Asset Management LLC boosted its stake in shares of Global Business Travel Group by 439.0% during the first 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. Institutional investors 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.
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