Insider Selling: Global Business Travel Group (NYSE:GBTG) President Sells 332,662 Shares
Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) President Andrew George Crawley sold 332,662 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $9. 43, for a total value of $3,137,002. 66. Following the transaction, the president directly owned 699,176 shares of the company's stock, valued at $6,593,229. 68. The trade was a 32. 24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Key PointsInsider selling:Global Business Travel Group President Andrew George Crawley sold 332,662 shares at an average of $9. 43, worth approximately $3. 14 million, reducing his ownership by 32. 24%. He also sold 350,000 shares the previous day for $3. 30 million. Quarterly results were mixed:Revenue rose 37. 9% year over year to $870 million, beating expectations, but earnings per share of $0. 03 fell short of the $0. 06 consensus estimate. Analyst sentiment remains cautious:GBTG has a consensus “Hold” rating and an average price target of $8. 90, below its reported opening price of $9. 44. Global Business Travel Group, Inc. (NYSE:GBTG-Get Free Report) President Andrew George Crawley sold 332,662 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $9. 43, for a total value of $3,137,002. 66. Following the completion of the sale, the president owned 699,176 shares in the company, valued at $6,593,229. 68. This represents a 32. 24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed throughthis link. Transportation industry breakout will make these stocks rallyAndrew George Crawley also recently made the following trade(s):On Wednesday, August 5th, Andrew George Crawley sold 350,000 shares of Global Business Travel Group stock. The stock was sold at an average price of $9. 43, for a total transaction of $3,300,500. 00. Global Business Travel Group Price PerformanceGBTGopened at $9. 44 on Friday. The company has a market capitalization of $4. 92 billion, a price-to-earnings ratio of 55. 50 and a beta of 0. 93. The company has a quick ratio of 1. 18, a current ratio of 1. 20 and a debt-to-equity ratio of 0. 88. The firm has a 50-day moving average price of $9. 39 and a 200-day moving average price of $7. 55. Global Business Travel Group, Inc. 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 announced its quarterly earnings results on Tuesday, August 4th. The company reported $0. 03 EPS for the quarter, missing analysts' consensus estimates of $0. 06 by ($0. 03). The business had revenue of $870. 00 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 37. 9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0. 03 earnings per share. Equities analysts expect that Global Business Travel Group, Inc. will post 0. 18 EPS for the current year. Institutional Inflows and OutflowsSeveral large investors have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of Global Business Travel Group during the 3rd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Global Business Travel Group in the fourth quarter worth $32,000. Advisory Services Network LLC bought a new stake in Global Business Travel Group during the third quarter valued at $61,000. Creative Planning bought a new stake in Global Business Travel Group during the second quarter valued at $67,000. Finally, Russell Investments Group Ltd. grew its position in Global Business Travel Group by 1,238. 9% during the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company's stock worth $73,000 after buying an additional 8,350 shares in the last quarter. 82. 46% of the stock is owned by institutional investors. Analysts Set New Price TargetsSeveral research firms have issued reports on GBTG. Lake Street Capital set a $9. 50 target price on Global Business Travel Group in a research report on Monday, May 4th. Weiss Ratingsupgraded Global Business Travel Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, May 15th. Wall Street Zenlowered Global Business Travel Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. BTIG Research cut Global Business Travel Group from a "buy" rating to a "neutral" rating in a report on Monday, May 4th. Finally, Evercore downgraded Global Business Travel Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat. com, Global Business Travel Group has a consensus rating of "Hold" and a consensus target price of $8. 90. Read Our Latest Report on Global Business Travel GroupGlobal Business Travel Group Company Profile(Get Free Report)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. Featured ArticlesFive stocks we like better than Global Business Travel GroupDatadog’s Drop Says More About Expectations Than EarningsD-Wave's Quantum Breakthrough Couldn't Save QBTS From a Sell-OffCloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in FocusSolventum Nears Inflection Point As It Begins to Unlock ValueThis instant news alert was generated by narrative science technology and financial data from InsiderTrades. com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to[email protected]. Insider Buying or Selling at Global Business Travel Group?Sign-up to receive InsiderTrades. com's daily insider buying and selling report for Global Business Travel Group and related companies. From Our Partners