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Global Business Travel Group (NYSE:GBTG – Get Rating ) will issue its quarterly earnings data before the market opens on Thursday, March 9th. Analysts expect the company to post earnings of ($0.14) for the quarter. Parties interested in registering for the Company’s conference call may register using this link.
Global Business Travel Group stock 1.4%
Shares of GBTG stock opened at $7.29 on Thursday. Global Business Travel Group has a 12 month low of $4.26 and a 12 month high of $10.01. The firm has a 50-day simple moving average of $6.94 and a 200-day simple moving average of $6.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55, and a quick ratio of 1.55.
Changes in analyst standards
A number of research firms have issued reports on GBTG. Citigroup began coverage on shares of Global Business Travel Group in a report on Wednesday, December 7th. They set a “neutral” rating and a $6.50 price target on the stock. Evercore ISI started coverage on shares of Global Business Travel Group in a report on Wednesday, December 21st. They set an “outperform” rating and a $8.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.68, according to data from MarketBeat.com.
Insider buying and selling in international business travel group
In related news, CFO Martin Gero acquired 10,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were purchased at an average price of $5.60 per share, for a total transaction of $56,000.00. Following the purchase, the chief financial officer now owns 422,310 shares in the company, valued at $2,364,936. The acquisition was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Company insiders own 12.90% of the company’s stock.
Institutional flows and exits
A number of large investors have recently trimmed or reduced their holdings in the stock. Prelude Capital Management LLC increased its stake in Global Business Travel Group by 13.4% during the 3rd quarter. Prelude Capital Management LLC now owns 48,645 shares of the company’s stock valued at $275,000 after purchasing an additional 5,733 shares during the period. Credit Suisse AG bought a new stake in Global Business Travel Group in the second quarter valued at approximately $69,000. Virtu Financial LLC purchased a new stake in Global Business Travel Group in the second quarter valued at approximately $80,000. Geode Capital Management LLC grew its position in Global Business Travel Group by 76.9% during the fourth quarter. Geode Capital Management LLC now owns 176,058 shares of the company’s stock worth $1,188,000 after acquiring an additional 76,542 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in Global Business Travel Group in the third quarter worth about $704,000. Institutional investors and hedge funds own 15.91% of the company’s stock.
Global Business Travel Group Company Profile
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Global Business Travel Group, Inc. provides a business-to-business (B2B) travel platform in the United States of America and worldwide. The company’s platform provides technology-enabled solutions for business travelers and customers; Travel content providers including airlines, hotels, ground transportation and aggregators; and third party travel agents.
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This quick news alert was created using Narrative Science technology and MarketBeat financial data to provide readers with fast and accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.
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