Global Business Travel Group (NYSE:GBTG) President Andrew George Crawley Sells 350,000 Shares of Stock

Key Points

• Insider selling: President Andrew George Crawley sold 350,000 GBTG shares at $9.43 each for $3.3 million, reducing his stake by 25.33%. He also sold an additional 332,662 shares the following day for approximately $3.14 million.
• Quarterly results were mixed: Global Business Travel Group reported $870 million in revenue, up 37.9% year over year and above estimates, but earnings per share of $0.03 missed the $0.06 consensus forecast.
• Shares near their 52-week high: GBTG traded at $9.44, close to its $9.54 high, while analysts maintained a consensus “Hold” rating with an average price target of $8.90.

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) President Andrew George Crawley sold 350,000 shares of the company's stock in a transaction that occurred 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 transaction, the president owned 1,031,838 shares of the company's stock, valued at $9,730,232.34. This trade represents a 25.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Andrew George Crawley also recently made the following trade(s):

• On Thursday, August 6th, Andrew George Crawley sold 332,662 shares of Global Business Travel Group stock. The stock was sold at an average price of $9.43, for a total transaction of $3,137,002.66.

Global Business Travel Group Stock Up 0.1%

NYSE:GBTG traded up $0.01 during trading hours on Friday, reaching $9.44. 1,034,205 shares of the stock were exchanged, compared to its average volume of 2,647,839. The stock has a market cap of $4.92 billion, a PE ratio of 55.50 and a beta of 0.93. Global Business Travel Group, Inc. has a twelve month low of $4.95 and a twelve month high of $9.54. The firm has a 50 day moving average of $9.39 and a 200 day moving average of $7.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.18.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates 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 EPS. The business's revenue for the quarter was up 37.9% compared to the same quarter last year. On average, equities analysts expect that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Evercore downgraded 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 price target on shares of Global Business Travel Group in a report on Monday, May 4th. Wall Street Zen downgraded shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. BTIG Research downgraded shares of Global Business Travel Group from a "buy" rating to a "neutral" rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded Global Business Travel Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, May 15th. Two 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 an average rating of "Hold" and a consensus target price of $8.90.

Institutional Trading of Global Business Travel Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Redwood Capital Management LLC bought a new position in shares of Global Business Travel Group in the 3rd quarter worth approximately $173,347,000. Attestor Capital Ltd bought a new stake in shares of Global Business Travel Group during the fourth quarter valued at approximately $67,917,000. Vanguard Group Inc. boosted its position in shares of Global Business Travel Group by 24.7% during the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company's stock valued at $106,010,000 after purchasing an additional 2,744,068 shares in the last quarter. Millennium Management LLC boosted its position in shares of Global Business Travel Group by 2,646.7% during the fourth quarter. Millennium Management LLC now owns 1,679,217 shares of the company's stock valued at $12,846,000 after purchasing an additional 1,618,081 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in 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 worth $23,741,000 after purchasing an additional 936,989 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

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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