Global Business Travel Group (NYSE:GBTG) CFO Karen Williams Sells 20,000 Shares

Key Points

• CFO Karen Williams sold 20,000 GBTG shares at an average price of $9.43, generating $188,600. She retained 548,257 shares after the transaction, reducing her ownership by 3.52%.
• GBTG shares traded near a one-year high at $9.44, with a market capitalization of approximately $4.92 billion. The stock’s 50-day and 200-day moving averages were $9.39 and $7.54, respectively.
• The company exceeded quarterly revenue expectations with $870 million, up 37.9% year over year, but missed earnings estimates by reporting $0.03 per share versus the expected $0.06. Analysts maintain a consensus “Hold” rating with an $8.90 target price.

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) CFO Karen Williams sold 20,000 shares of the business'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 $188,600.00. Following the completion of the sale, the chief financial officer owned 548,257 shares of the company's stock, valued at $5,170,063.51. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Global Business Travel Group Price Performance

Shares of GBTG stock traded up $0.01 during trading on Friday, hitting $9.44. The company had a trading volume of 1,034,205 shares, compared to its average volume of 2,647,839. The firm 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, Inc. has a one year low of $4.95 and a one year high of $9.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.18 and a current ratio of 1.20. The stock's 50-day moving average price is $9.39 and its 200 day moving average price is $7.54.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $870.00 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. Equities analysts expect that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on GBTG. Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research report on Monday, May 4th. Weiss Ratings upgraded Global Business Travel Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, May 15th. Evercore lowered Global Business Travel Group from a "strong-buy" rating to a "hold" rating 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 research report on Monday, May 4th. Finally, Wall Street Zen cut Global Business Travel Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Global Business Travel Group has a consensus rating of "Hold" and a consensus target price of $8.90.

Institutional Trading of Global Business Travel Group

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group in the 3rd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $32,000. Advisory Services Network LLC acquired a new stake in Global Business Travel Group during the third quarter worth approximately $61,000. Creative Planning bought a new stake in Global Business Travel Group in the second quarter worth approximately $67,000. Finally, Russell Investments Group Ltd. increased its holdings in Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company's stock worth $73,000 after purchasing an additional 8,350 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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