Andrew George Crawley Sells 332,662 Shares of Global Business Travel Group (NYSE:GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) President Andrew George Crawley sold 332,662 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $9.43, for a total value of $3,137,002.66. Following the completion of the sale, the president directly owned 699,176 shares of the company’s stock, valued at $6,593,229.68. The trade was a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Andrew George Crawley also recently made the following trade(s):

• On Wednesday, August 5th, Andrew George Crawley sold 350,000 shares of Global Business Travel Group stock. The shares were sold at an average price of $9.43, for a total value of $3,300,500.00.

Global Business Travel Group Price Performance

GBTG opened at $9.44 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.18. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93. The firm’s fifty day moving average price is $9.39 and its two-hundred day moving average price is $7.55. Global Business Travel Group, Inc. has a 1 year low of $4.95 and a 1 year high of $9.54.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm 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 revenue was up 37.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. As a group, analysts anticipate that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Attestor Capital Ltd purchased a new stake in shares of Global Business Travel Group during the 4th quarter worth approximately $67,917,000. Lazard Asset Management LLC raised its holdings in shares of Global Business Travel Group by 439.0% in the 1st quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock worth $3,042,000 after purchasing an additional 444,003 shares during the period. Monarch Alternative Capital LP lifted its stake in Global Business Travel Group by 9.3% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in Global Business Travel Group by 28.2% in the first quarter. Dimensional Fund Advisors LP now owns 4,255,603 shares of the company’s stock valued at $23,741,000 after purchasing an additional 936,989 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Global Business Travel Group by 318.3% during the fourth 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 during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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