Global Business Travel Group, Inc. (NYSE:GBTG) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on Global Business Travel Group, with six holds and two buys among eight firms. The average 12-month price target is $8.90, below the reported share price of $9.50.
• The company’s latest quarterly revenue rose 37.9% year over year to $870 million, exceeding estimates, but adjusted earnings of $0.03 per share missed the $0.06 consensus forecast.
• Insiders sold 777,442 shares worth approximately $7.3 million over the past 90 days, while institutional investors and hedge funds own 82.46% of the company.

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.90.

A number of analysts recently commented on the company. BTIG Research reiterated a "neutral" rating on shares of Global Business Travel Group in a research report on Wednesday, September 30th. Weiss Ratings restated a "hold (c-)" rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th.

Global Business Travel Group Stock Performance

Shares of NYSE:GBTG opened at $9.50 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 55.88 and a beta of 0.93. Global Business Travel Group has a fifty-two week low of $4.95 and a fifty-two week high of $9.56. The business's fifty day moving average price is $9.46 and its two-hundred day moving average price is $8.55.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $810.60 million. During the same quarter last year, the firm posted $0.03 EPS. The business's revenue was up 37.9% on a year-over-year basis. As a group, analysts predict that Global Business Travel Group will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling at Global Business Travel Group

In other Global Business Travel Group news, President Andrew George Crawley sold 350,000 shares of Global Business Travel Group stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $9.43, for a total transaction of $3,300,500.00. Following the completion of the sale, the president owned 1,031,838 shares of the company's stock, valued at approximately $9,730,232.34. The trade was a 25.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric Bock sold 64,780 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $9.46, for a total value of $612,818.80. Following the completion of the sale, the insider directly owned 699,177 shares of the company's stock, valued at approximately $6,614,214.42. This trade represents a 8.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 777,442 shares of company stock valued at $7,333,521. 5.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Global Business Travel Group

A number of large investors have recently bought and sold shares of GBTG. Attestor Capital Ltd acquired a new position in shares of Global Business Travel Group during the 4th quarter worth about $67,917,000. Monarch Alternative Capital LP boosted its holdings in shares of 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 acquiring an additional 661,418 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 936,989 shares during the period. Lazard Asset Management LLC raised its position in shares of Global Business Travel Group by 439.0% in the first quarter. Lazard Asset Management LLC now owns 545,145 shares of the company's stock valued at $3,042,000 after buying an additional 444,003 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Global Business Travel Group in the second quarter valued at about $4,108,000. Institutional investors and hedge funds own 82.46% of the company's stock.

Global Business Travel Group Company Profile

Global Business Travel Group, Inc NYSE: GBTG is a corporate travel management company that provides technology, services and consulting to organizations and their business travelers. The company helps clients plan, book and manage business trips, while supporting travel policy compliance, traveler safety, expense visibility and program optimization.

Its offerings include business travel booking and servicing, travel management solutions, meetings and events services, and data-driven consulting.

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.