Global Business Travel Group, Inc. $GBTG Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in Global Business Travel Group, Inc. (NYSE:GBTG) by 85.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,650 shares of the company’s stock after selling 68,450 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Global Business Travel Group were worth $89,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GBTG. Redwood Capital Management LLC purchased a new position in Global Business Travel Group in the third quarter valued at approximately $173,347,000. Anchorage Capital Advisors L.P. purchased a new position in Global Business Travel Group in the third quarter valued at approximately $58,073,000. Monarch Alternative Capital LP purchased a new position in Global Business Travel Group in the third quarter valued at approximately $57,680,000. Vanguard Group Inc. raised its holdings in Global Business Travel Group by 24.7% in the fourth quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock valued at $106,010,000 after buying an additional 2,744,068 shares during the period. Finally, Boundary Creek Advisors LP purchased a new position in Global Business Travel Group in the third quarter valued at approximately $22,911,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Down 0.4%

GBTG opened at $9.41 on Wednesday. The firm has a market capitalization of $4.93 billion, a P/E ratio of 55.32 and a beta of 0.75. The firm’s 50 day moving average is $6.48 and its 200-day moving average is $6.86. Global Business Travel Group, Inc. has a 52-week low of $4.95 and a 52-week high of $9.54. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The company had revenue of $840.00 million for the quarter, compared to analyst estimates of $814.55 million. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. Analysts expect that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

GBTG has been the topic of several research reports. Lake Street Capital set a $9.50 price target on shares of Global Business Travel Group in a report on Monday, May 4th. UBS Group cut their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Wall Street Zen lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley dropped their price objective on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.