Global Business Travel Group (NYSE:GBTG) Insider Eric Bock Sells 64,780 Shares of Stock

Global Business Travel Group, Inc. (NYSE:GBTG) insider Eric Bock sold 64,780 shares of Global Business Travel Group stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $9.46, for a total transaction of $612,818.80. Following the completion of the transaction, the insider directly owned 699,177 shares in the company, valued at approximately $6,614,214.42. This trade represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Global Business Travel Group Stock Down 0.1%

Shares of NYSE:GBTG opened at $9.47 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $4.95 billion, a PE ratio of 55.74 and a beta of 0.93. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.54. The firm has a 50 day simple moving average of $9.42 and a 200 day simple moving average of $7.76.

Global Business Travel Group (NYSE:GBTG) last posted 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). 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 during the quarter, compared to analyst estimates of $810.60 million. During the same period in the prior year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. As a group, research analysts expect that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Attestor Capital Ltd bought a new position in shares of Global Business Travel Group in the fourth quarter worth $67,917,000. Lazard Asset Management LLC lifted its position in Global Business Travel Group by 439.0% during the first 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. Quantinno Capital Management LP lifted its position in Global Business Travel Group by 720.9% during the first quarter. Quantinno Capital Management LP now owns 208,118 shares of the company’s stock worth $1,161,000 after purchasing an additional 182,765 shares during the period. Monarch Alternative Capital LP grew its stake in 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 worth $43,524,000 after buying an additional 661,418 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Global Business Travel Group by 90.3% during the first quarter. Sei Investments Co. now owns 343,833 shares of the company’s stock worth $1,919,000 after buying an additional 163,173 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

Analyst Upgrades and Downgrades

GBTG has been the topic of several research reports. BTIG Research lowered shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research note on Monday, May 4th. Evercore lowered shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Global Business Travel Group in a report on Wednesday, August 12th. 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. Finally, Lake Street Capital set a $9.50 price objective on Global Business Travel Group in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average 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.