Global Business Travel Group (NYSE:GBTG) CFO Sells $188,600.00 in Stock

Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) CFO Karen Williams sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total transaction of $188,600.00. Following the completion of the sale, the chief financial officer owned 548,257 shares in the company, valued at $5,170,063.51. This represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Global Business Travel Group Stock Down 0.3%

Shares of GBTG opened at $9.44 on Monday. The company has a 50-day simple moving average of $9.39 and a 200-day simple moving average of $7.55. The firm has a market capitalization of $4.92 billion, a P/E ratio of 55.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.54.

Get Global Business Travel Group alerts:

Global Business Travel Group (NYSE:GBTG – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $810.60 million. During the same period last year, the business earned $0.03 earnings per share. The firm’s quarterly revenue was up 37.9% compared to the same quarter last year. On average, equities research analysts expect that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Global Business Travel Group

Several hedge funds and other institutional investors have recently modified their holdings of GBTG. Landscape Capital Management L.L.C. raised its holdings in shares of Global Business Travel Group by 17.1% in the fourth quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company’s stock valued at $111,000 after buying an additional 2,125 shares during the last quarter. California State Teachers Retirement System grew its holdings in Global Business Travel Group by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock worth $680,000 after acquiring an additional 2,143 shares during the last quarter. State of Wyoming grew its holdings in Global Business Travel Group by 6.5% during the 2nd quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after acquiring an additional 2,504 shares during the last quarter. Russell Investments Group Ltd. increased its position in 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 valued at $89,000 after acquiring an additional 2,549 shares in the last quarter. Finally, Xponance LLC increased its position in Global Business Travel Group by 29.2% in the 4th quarter. Xponance LLC now owns 13,416 shares of the company’s stock valued at $103,000 after acquiring an additional 3,032 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. BTIG Research cut Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings raised Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Lake Street Capital set a $9.50 price target on shares of Global Business Travel Group in a report on Monday, May 4th. Finally, Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.90.

Check Out Our Latest Stock Analysis on GBTG

Global Business Travel Group Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Global Business Travel Group
• Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
• Can DICK’S Turn Foot Locker Into a Winner?
• Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue
• Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War

Receive News & Ratings for Global Business Travel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Business Travel Group and related companies with MarketBeat.com's FREE daily email newsletter.