Global Business Travel Group, Inc. (NYSE:GBTG) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Six of eight analysts rate Global Business Travel Group shares a hold, while two recommend buying. The average 12-month price target is $8.90, below the stock’s reported $9.48 price.
• Quarterly results were mixed: Revenue rose 37.9% year over year to $870 million, exceeding estimates, but earnings per share of $0.03 missed the $0.06 consensus forecast.
• Insiders reduced their holdings: Executives sold 868,328 shares worth approximately $8.18 million over the past three months, while institutional investors own 82.46% of the company.

Shares of Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) have received an average rating of "Hold" from the eight analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.90.

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th.

Insider Activity at Global Business Travel Group

In other Global Business Travel Group news, insider Eric J. Bock sold 90,886 shares of the company's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.35, for a total value of $849,784.10. Following the sale, the insider owned 773,956 shares in the company, valued at $7,236,488.60. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Andrew George Crawley sold 350,000 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $9.43, for a total value of $3,300,500.00. Following the sale, the president directly owned 1,031,838 shares of the company's stock, valued at $9,730,232.34. This represents a 25.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 868,328 shares of company stock valued at $8,183,306. 5.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Global Business Travel Group

A number of institutional investors have recently made changes to their positions in the company. Arizona State Retirement System grew its holdings in Global Business Travel Group by 6.8% in the 2nd quarter. Arizona State Retirement System now owns 31,047 shares of the company's stock valued at $292,000 after buying an additional 1,966 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Global Business Travel Group by 17.1% in the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company's stock valued at $111,000 after buying an additional 2,125 shares in the last quarter. California State Teachers Retirement System lifted its stake in Global Business Travel Group by 2.5% during the fourth quarter. California State Teachers Retirement System now owns 88,896 shares of the company's stock worth $680,000 after purchasing an additional 2,143 shares during the last quarter. State of Wyoming grew its stake in shares of Global Business Travel Group by 6.5% during the second quarter. State of Wyoming now owns 40,964 shares of the company's stock worth $258,000 after buying an additional 2,504 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Global Business Travel Group by 28.2% in the fourth quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company's stock valued at $89,000 after buying an additional 2,549 shares during the period. Institutional investors own 82.46% of the company's stock.

Global Business Travel Group Stock Up 0.1%

Global Business Travel Group stock opened at $9.48 on Thursday. The company has a 50 day moving average of $9.44 and a 200-day moving average of $8.08. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $9.56. The stock has a market capitalization of $4.95 billion, a PE ratio of 55.79 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The company had revenue of $870.00 million during 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%.Global Business Travel Group's revenue for the quarter was up 37.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share.

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.

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