Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) President Andrew George Crawley sold 350,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $9.43, for a total value of $3,300,500.00. Following the completion of the sale, the president directly owned 1,031,838 shares of the company’s stock, valued at $9,730,232.34. The trade was a 25.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Andrew George Crawley also recently made the following trade(s):
- On Thursday, August 6th, Andrew George Crawley sold 332,662 shares of Global Business Travel Group stock. The shares were sold at an average price of $9.43, for a total value of $3,137,002.66.
Global Business Travel Group Stock Performance
Shares of NYSE:GBTG opened at $9.44 on Friday. The business’s 50-day simple moving average is $9.39 and its 200 day simple moving average is $7.55. The company has a market cap 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 1.18 and a current ratio of 1.20. Global Business Travel Group, Inc. has a one year low of $4.95 and a one year high of $9.54.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research note on Monday, May 4th. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Evercore lowered shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. 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 analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Global Business Travel Group presently has a consensus rating of “Hold” and a consensus target price of $8.90.
Check Out Our Latest Report on GBTG
Hedge Funds Weigh In On Global Business Travel Group
Several institutional investors and hedge funds have recently made changes to their positions in the business. Attestor Capital Ltd bought a new position in Global Business Travel Group during the 4th quarter valued at $67,917,000. Lazard Asset Management LLC grew its holdings in Global Business Travel Group by 439.0% during the 1st quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock worth $3,042,000 after acquiring an additional 444,003 shares in the last quarter. Monarch Alternative Capital LP increased its position in shares of Global Business Travel Group by 9.3% in the 1st quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock worth $43,524,000 after purchasing an additional 661,418 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Global Business Travel Group by 28.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,255,603 shares of the company’s stock worth $23,741,000 after purchasing an additional 936,989 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of Global Business Travel Group by 318.3% in the 4th quarter. GSA Capital Partners LLP now owns 138,798 shares of the company’s stock valued at $1,062,000 after purchasing an additional 105,615 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.
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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