Global Business Travel Group (NYSE:GBTG) Sees Large Volume Increase – Time to Buy?

Global Business Travel Group, Inc. (NYSE:GBTG) shares saw an uptick in trading volume on Wednesday . 11,483,009 shares were traded during mid-day trading, an increase of 365% from the previous session’s volume of 2,470,498 shares.The stock last traded at $9.4650 and had previously closed at $9.46.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GBTG. Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Business Travel Group in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.90.

Global Business Travel Group Stock Performance

The company has a 50 day moving average of $9.43 and a 200 day moving average of $7.96. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 55.76 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data 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 company had revenue of $870.00 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.03 earnings per share.

Insider Buying and Selling at Global Business Travel Group

In other Global Business Travel Group news, CEO Paul G. Abbott sold 574,317 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $9.35, for a total value of $5,369,863.95. Following the transaction, the chief executive officer directly owned 2,582,911 shares in the company, valued at $24,150,217.85. The trade was a 18.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Andrew George Crawley sold 332,662 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $9.43, for a total transaction of $3,137,002.66. Following the sale, the president directly owned 699,176 shares in the company, valued at $6,593,229.68. This represents a 32.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,323,880 shares of company stock worth $21,792,139 over the last ninety days. Company insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Global Business Travel Group in the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Global Business Travel Group during the 4th quarter valued at $32,000. Advisory Services Network LLC bought a new position in Global Business Travel Group in the 3rd quarter valued at $61,000. Russell Investments Group Ltd. boosted its stake in Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after purchasing an additional 8,350 shares in the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new position in Global Business Travel Group in the second quarter worth $95,000. Institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Company Profile

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.