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

Key Points

• Insider selling: Global Business Travel Group President Andrew George Crawley sold 332,662 shares at an average of $9.43, reducing his position by 32.24% and retaining 699,176 shares. He also sold 350,000 shares the previous day at the same average price.
• Stock and earnings: GBTG shares rose 0.1% to $9.44, near their 12-month high of $9.54. Quarterly revenue increased 37.9% year over year to $870 million and exceeded estimates, but earnings per share of $0.03 missed the $0.06 consensus.
• Analyst outlook: Analysts have an average “Hold” rating and an $8.90 price target, below the current share price. Institutional investors own 82.46% of the company.

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) President Andrew George Crawley sold 332,662 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $9.43, for a total transaction of $3,137,002.66. Following the transaction, the president owned 699,176 shares in the company, valued at $6,593,229.68. The trade was a 32.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $3,300,500.00.

Global Business Travel Group Stock Up 0.1%

Global Business Travel Group stock traded up $0.01 during midday trading on Friday, reaching $9.44. The stock had a trading volume of 1,034,205 shares, compared to its average volume of 2,647,839. The company has a fifty day moving average price of $9.39 and a two-hundred day moving average price of $7.54. Global Business Travel Group, Inc. has a 12 month low of $4.95 and a 12 month high of $9.54. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.92 billion, a P/E ratio of 55.50 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced 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 firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $810.60 million. Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The company's revenue was up 37.9% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. As a group, equities analysts expect that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Trading of Global Business Travel Group

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group during the third quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Global Business Travel Group in the 4th quarter valued at about $32,000. Advisory Services Network LLC purchased a new stake in Global Business Travel Group in the 3rd quarter valued at about $61,000. Creative Planning bought a new position in shares of Global Business Travel Group during the 2nd quarter worth approximately $67,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Global Business Travel Group by 1,238.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company's stock worth $73,000 after buying an additional 8,350 shares in the last quarter. Institutional investors own 82.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Global Business Travel Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, May 15th. 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. Lake Street Capital set a $9.50 price target on shares of Global Business Travel Group in a research report on Monday, May 4th. Finally, Evercore downgraded Global Business Travel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $8.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source