Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) CFO Karen Williams sold 10,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $9.35, for a total transaction of $93,500.00. Following the completion of the sale, the chief financial officer directly owned 596,157 shares in the company, valued at approximately $5,574,067.95. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Global Business Travel Group Stock Down 0.1%
GBTG stock opened at $9.35 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90. Global Business Travel Group, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $9.54. The firm’s 50-day simple moving average is $7.72 and its 200 day simple moving average is $7.08. The stock has a market cap of $4.87 billion, a PE ratio of 54.97 and a beta of 0.93.
Global Business Travel Group (NYSE:GBTG – Get Free Report) last released its quarterly earnings data 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 business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. As a group, sell-side analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on GBTG
Hedge Funds Weigh In On Global Business Travel Group
Several hedge funds have recently made changes to their positions in the business. Landscape Capital Management L.L.C. grew its stake in shares of Global Business Travel Group by 17.1% in the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company’s stock worth $111,000 after purchasing an additional 2,125 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Global Business Travel Group by 2.5% in the 4th quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock worth $680,000 after purchasing an additional 2,143 shares during the last quarter. State of Wyoming grew its stake in shares of Global Business Travel Group by 6.5% in the 2nd quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after purchasing an additional 2,504 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Global Business Travel Group by 28.2% in the 4th quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company’s stock worth $89,000 after purchasing an additional 2,549 shares during the last quarter. Finally, Xponance LLC grew its stake in shares of Global Business Travel Group by 29.2% in the 4th quarter. Xponance LLC now owns 13,416 shares of the company’s stock worth $103,000 after purchasing an additional 3,032 shares during the last quarter. 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.
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