Dimensional Fund Advisors LP Has $23.74 Million Stock Holdings in Global Business Travel Group, Inc. $GBTG

Dimensional Fund Advisors LP grew its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 28.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,255,603 shares of the company’s stock after acquiring an additional 936,989 shares during the period. Dimensional Fund Advisors LP’s holdings in Global Business Travel Group were worth $23,741,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in shares of Global Business Travel Group during the 3rd quarter worth $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Global Business Travel Group in the 4th quarter valued at approximately $32,000. Advisory Services Network LLC bought a new position in shares of Global Business Travel Group in the 3rd quarter valued at $61,000. Creative Planning acquired a new stake in shares of Global Business Travel Group during the second quarter valued at about $67,000. Finally, Russell Investments Group Ltd. boosted its position in Global Business Travel Group by 1,238.9% during the 3rd 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 during the period. Institutional investors own 82.46% of the company’s stock.

Insider Buying and Selling at Global Business Travel Group

In other news, insider Eric J. Bock sold 125,030 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $9.36, for a total transaction of $1,170,280.80. Following the completion of the transaction, the insider directly owned 871,342 shares in the company, valued at $8,155,761.12. This trade represents a 12.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Peter Bush sold 17,500 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $9.36, for a total transaction of $163,800.00. Following the completion of the transaction, the director owned 120,526 shares in the company, valued at approximately $1,128,123.36. The trade was a 12.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,572,683 shares of company stock valued at $14,704,271 in the last ninety days. Corporate insiders own 5.40% of the company’s stock.

Global Business Travel Group Trading Up 0.1%

Shares of GBTG opened at $9.44 on Friday. The firm has a 50 day moving average price of $9.39 and a 200-day moving average price of $7.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.18 and a current ratio of 1.20. Global Business Travel Group, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $9.54. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 37.9% compared to the same quarter last year. As a group, equities research analysts forecast that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GBTG. Lake Street Capital set a $9.50 price objective on shares of Global Business Travel Group in a research note on Monday, May 4th. BTIG Research downgraded Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Evercore lowered shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Finally, Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two 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 presently has a consensus rating of “Hold” and a consensus target price of $8.90.

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.