James Peter Bush Sells 17,500 Shares of Global Business Travel Group (NYSE:GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) Director James Peter Bush sold 17,500 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $9.36, for a total transaction of $163,800.00. Following the completion of the sale, the director directly owned 120,526 shares of the company’s stock, valued at $1,128,123.36. This represents a 12.68% decrease in their position. 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

Shares of GBTG traded down $0.01 during mid-day trading on Friday, hitting $9.35. 1,289,188 shares of the company’s stock were exchanged, compared to its average volume of 2,830,515. 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 price-to-earnings ratio of 54.97 and a beta of 0.93. The stock’s 50-day simple moving average is $7.41 and its 200-day simple moving average is $7.01. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.54.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $840.00 million for the quarter, compared to analyst estimates of $814.55 million. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.The business’s revenue for the quarter was up 35.3% on a year-over-year basis. On average, equities research analysts expect that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Institutional Trading of Global Business Travel Group

Hedge funds have recently bought and sold shares of the business. Redwood Capital Management LLC bought a new position in Global Business Travel Group in the 3rd quarter valued at about $173,347,000. Vanguard Group Inc. lifted its stake in Global Business Travel Group by 24.7% during the 4th quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock valued at $106,010,000 after acquiring an additional 2,744,068 shares in the last quarter. Attestor Capital Ltd bought a new stake in shares of Global Business Travel Group in the 4th quarter worth $67,917,000. Monarch Alternative Capital LP lifted its position in shares of Global Business Travel Group by 9.3% during the first quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock valued at $43,524,000 after purchasing an additional 661,418 shares in the last quarter. Finally, Anchorage Capital Advisors L.P. purchased a new stake in Global Business Travel Group in the 3rd quarter valued at about $58,073,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GBTG. Morgan Stanley cut their target price on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. BTIG Research downgraded shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Citigroup decreased their price target on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $8.20 price target on Global Business Travel Group in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.90.

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.