Global Business Travel Group, Inc. (NYSE:GBTG) Receives $8.90 Average Price Target from Analysts

Global Business Travel Group, Inc. (NYSE:GBTGGet Free Report) has been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $8.90.

A number of research analysts have recently issued reports on the company. Evercore downgraded Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. BTIG Research cut Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th. Lake Street Capital set a $9.50 price objective on Global Business Travel Group in a research note on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th. Finally, Wall Street Zen lowered Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.

Check Out Our Latest Analysis on Global Business Travel Group

Insider Buying and Selling at Global Business Travel Group

In other news, insider Eric J. Bock sold 90,886 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $9.35, for a total value of $849,784.10. Following the sale, the insider directly owned 773,956 shares in the company, valued at approximately $7,236,488.60. This trade represents a 10.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Evan Konwiser sold 356,222 shares of Global Business Travel Group stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $9.34, for a total transaction of $3,327,113.48. Following the completion of the transaction, the insider directly owned 502,641 shares in the company, valued at approximately $4,694,666.94. The trade was a 41.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,275,345 shares of company stock valued at $21,330,374. 5.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Global Business Travel Group

Several institutional investors and hedge funds have recently bought and sold shares of GBTG. Bank of New York Mellon Corp acquired a new position in shares of Global Business Travel Group during the second quarter worth $4,108,000. Stoneridge Investment Partners LLC acquired a new position in Global Business Travel Group during the 2nd quarter valued at about $95,000. Handelsbanken Fonder AB raised its stake in Global Business Travel Group by 28.2% in the second quarter. Handelsbanken Fonder AB now owns 39,600 shares of the company’s stock valued at $372,000 after buying an additional 8,700 shares during the last quarter. Amundi raised its stake in Global Business Travel Group by 145.3% in the first quarter. Amundi now owns 30,218 shares of the company’s stock valued at $169,000 after buying an additional 17,899 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Global Business Travel Group by 43.0% in the first quarter. California State Teachers Retirement System now owns 127,138 shares of the company’s stock worth $709,000 after acquiring an additional 38,242 shares in the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Global Business Travel Group Price Performance

NYSE GBTG opened at $9.46 on Friday. The company has a market cap of $4.94 billion, a PE ratio of 55.65 and a beta of 0.93. The firm’s 50 day moving average price is $9.41 and its 200-day moving average price is $7.70. 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 has a 52-week low of $4.95 and a 52-week high of $9.54.

Global Business Travel Group (NYSE:GBTGGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $810.60 million. Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.The business’s quarterly revenue was up 37.9% on a year-over-year basis. During the same period last year, the firm earned $0.03 EPS. Sell-side analysts forecast that Global Business Travel Group will post 0.18 EPS for the current fiscal year.

About Global Business Travel Group

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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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