UBS Group AG Acquires 124,344 Shares of Global Business Travel Group, Inc. $GBTG

UBS Group AG raised its holdings in Global Business Travel Group, Inc. (NYSE:GBTG) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 815,625 shares of the company’s stock after acquiring an additional 124,344 shares during the quarter. UBS Group AG owned about 0.16% of Global Business Travel Group worth $6,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Global Business Travel Group in the third quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in Global Business Travel Group in the third quarter valued at approximately $61,000. CWM LLC boosted its stake in Global Business Travel Group by 21.1% in the third quarter. CWM LLC now owns 7,630 shares of the company’s stock valued at $62,000 after acquiring an additional 1,332 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock valued at $73,000 after acquiring an additional 8,350 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Global Business Travel Group in the third quarter valued at approximately $81,000. 82.46% of the stock is owned by institutional investors.

Global Business Travel Group Trading Down 0.4%

GBTG opened at $9.41 on Wednesday. The firm’s fifty day moving average is $6.48 and its two-hundred day moving average is $6.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $4.93 billion, a PE ratio of 55.32 and a beta of 0.75. 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) last posted its earnings results on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $840.00 million for 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 2.51%. Global Business Travel Group’s revenue for the quarter was up 35.3% on a year-over-year basis. Equities research analysts anticipate that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

GBTG has been the topic of a number of recent research reports. Evercore cut shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Morgan Stanley reduced 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. Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a report on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.90.

Global Business Travel Group 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.