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

Key Points

• Analyst sentiment is neutral: Eight analysts give Global Business Travel Group a consensus “Hold” rating, with six holds and two buys. The average 12-month price target is $8.90, below the reported opening price of $9.46.
• Quarterly results were mixed: Revenue rose 37.9% year over year to $870 million, exceeding estimates, but earnings per share came in at $0.03 versus the $0.06 consensus.
• Insiders have been selling shares: Company insiders sold 2.28 million shares worth approximately $21.3 million over the past three months, while institutional investors own 82.46% of the stock.

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) has been given a consensus recommendation of "Hold" by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $8.90.

Several research firms recently issued reports on GBTG. Evercore lowered shares of Global Business Travel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research report on Monday, May 4th. BTIG Research lowered Global Business Travel Group from a "buy" rating to a "neutral" rating in a report on Monday, May 4th. Wall Street Zen cut Global Business Travel Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Global Business Travel Group in a research note on Wednesday.

Global Business Travel Group Price Performance

Shares of GBTG opened at $9.46 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $4.94 billion, a PE ratio of 55.62 and a beta of 0.93. The firm's 50 day moving average price is $9.40 and its 200 day moving average price is $7.62. Global Business Travel Group has a twelve month low of $4.95 and a twelve month high of $9.54.

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

Insiders Place Their Bets

In other Global Business Travel Group news, insider Evan Konwiser sold 356,222 shares of the company's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $9.34, for a total transaction of $3,327,113.48. Following the completion of the sale, the insider owned 502,641 shares of the company's stock, valued at $4,694,666.94. This represents a 41.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Andrew George Crawley sold 350,000 shares of the stock in a transaction that occurred 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 transaction, the president owned 1,031,838 shares in the company, valued at approximately $9,730,232.34. This trade represents a 25.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,275,345 shares of company stock worth $21,330,374 in the last three months. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Global Business Travel Group in the second quarter valued at about $4,108,000. Stoneridge Investment Partners LLC acquired a new position in shares of Global Business Travel Group during the 2nd quarter worth about $95,000. Handelsbanken Fonder AB boosted its stake in Global Business Travel Group by 28.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 39,600 shares of the company's stock valued at $372,000 after purchasing an additional 8,700 shares during the period. Amundi boosted its stake in Global Business Travel Group by 145.3% during the 1st quarter. Amundi now owns 30,218 shares of the company's stock valued at $169,000 after purchasing an additional 17,899 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Global Business Travel Group by 43.0% in the 1st quarter. California State Teachers Retirement System now owns 127,138 shares of the company's stock valued at $709,000 after buying an additional 38,242 shares during the last quarter. Institutional investors and hedge funds 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.

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