Vanguard Group Inc. Grows Stock Position in Global Business Travel Group, Inc. $GBTG

Vanguard Group Inc. grew its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,857,451 shares of the company’s stock after purchasing an additional 2,744,068 shares during the quarter. Vanguard Group Inc.’s holdings in Global Business Travel Group were worth $106,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Monarch Alternative Capital LP purchased a new stake in shares of Global Business Travel Group during the 3rd quarter valued at about $57,680,000. Anchorage Capital Advisors L.P. purchased a new stake in shares of Global Business Travel Group during the 3rd quarter valued at about $58,073,000. Boundary Creek Advisors LP purchased a new stake in shares of Global Business Travel Group during the 3rd quarter valued at about $22,911,000. SG Americas Securities LLC purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $1,667,000. Finally, Ballast Asset Management LP increased its position in shares of Global Business Travel Group by 27.2% during the 3rd quarter. Ballast Asset Management LP now owns 505,999 shares of the company’s stock valued at $4,088,000 after purchasing an additional 108,077 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Up 0.1%

Global Business Travel Group stock opened at $9.40 on Wednesday. The firm has a 50 day moving average of $6.11 and a 200 day moving average of $6.82. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 55.26 and a beta of 0.75. Global Business Travel Group, Inc. has a 12-month low of $4.95 and a 12-month high of $9.54. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $840.00 million during the quarter, compared to analyst estimates of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.59%. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. As a group, research analysts predict that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

GBTG has been the subject of several research reports. Evercore lowered shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Bank of America initiated coverage on shares of Global Business Travel Group in a research report on Tuesday, April 7th. They set a “neutral” rating and a $6.50 price target for the company. Wall Street Zen lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup reduced their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.90.

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.