Maven Securities LTD Takes $2.55 Million Position in Global Business Travel Group, Inc. $GBTG

Key Points

• Maven Securities acquired 271,213 shares of Global Business Travel Group worth approximately $2.55 million, while institutional investors collectively own 82.46% of the company.
• GBTG reported quarterly revenue of $870 million, up 37.9% year over year and above estimates, but earnings per share of $0.03 fell short of the $0.06 consensus.
• Analysts maintain a consensus “Hold” rating with an $8.90 price target; the stock recently traded at $9.48, near its 52-week high, amid significant insider selling.

Maven Securities LTD acquired a new stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 271,213 shares of the company's stock, valued at approximately $2,547,000. Maven Securities LTD owned 0.05% of Global Business Travel Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in Global Business Travel Group during the 2nd quarter valued at $179,000. Allworth Financial LP grew its holdings in Global Business Travel Group by 683.3% in the 2nd quarter. Allworth Financial LP now owns 3,713 shares of the company's stock worth $35,000 after acquiring an additional 3,239 shares during the last quarter. 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 worth $292,000 after acquiring an additional 1,966 shares during the last quarter. Carmignac Gestion purchased a new position in shares of Global Business Travel Group in the second quarter valued at about $2,972,000. Finally, California State Teachers Retirement System increased its position in shares of Global Business Travel Group by 846.3% in the second quarter. California State Teachers Retirement System now owns 1,203,122 shares of the company's stock valued at $11,297,000 after acquiring an additional 1,075,984 shares during the period. Institutional investors own 82.46% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Global Business Travel Group in a report on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Global Business Travel Group currently has a consensus rating of "Hold" and a consensus price target of $8.90.

Global Business Travel Group Price Performance

Shares of Global Business Travel Group stock opened at $9.48 on Wednesday. The business has a 50 day moving average of $9.44 and a 200 day moving average of $8.05. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.56. The company has a market cap of $4.95 billion, a PE ratio of 55.79 and a beta of 0.93. 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 (NYSE:GBTG - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $870.00 million during the quarter, compared to the consensus estimate of $810.60 million. Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The business's revenue was up 37.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS.

Insider Activity at Global Business Travel Group

In related news, CFO Karen Williams sold 20,000 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $9.43, for a total transaction of $188,600.00. Following the transaction, the chief financial officer owned 548,257 shares in the company, valued at $5,170,063.51. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Andrew George Crawley sold 332,662 shares of the 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 completion of the transaction, the president directly owned 699,176 shares of the company's stock, valued at approximately $6,593,229.68. The trade was a 32.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,567,675 shares of company stock worth $14,723,450. 5.40% of the stock is currently owned by company insiders.

Global Business Travel Group 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.

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