Quantinno Capital Management LP Acquires 182,765 Shares of Global Business Travel Group, Inc. $GBTG

Quantinno Capital Management LP increased its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 720.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,118 shares of the company’s stock after purchasing an additional 182,765 shares during the quarter. Quantinno Capital Management LP’s holdings in Global Business Travel Group were worth $1,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. boosted its stake in Global Business Travel Group by 17.1% in the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company’s stock worth $111,000 after purchasing an additional 2,125 shares during the period. California State Teachers Retirement System grew its holdings in Global Business Travel Group by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock valued at $680,000 after buying an additional 2,143 shares in the last quarter. State of Wyoming raised its position in shares of Global Business Travel Group by 6.5% during the second quarter. State of Wyoming now owns 40,964 shares of the company’s stock valued at $258,000 after buying an additional 2,504 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Global Business Travel Group by 28.2% during the fourth quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company’s stock valued at $89,000 after buying an additional 2,549 shares during the last quarter. Finally, Xponance LLC lifted its holdings in shares of Global Business Travel Group by 29.2% in the fourth quarter. Xponance LLC now owns 13,416 shares of the company’s stock worth $103,000 after buying an additional 3,032 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on GBTG. Weiss Ratings restated a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research downgraded shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Evercore lowered Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Lake Street Capital set a $9.50 target price on Global Business Travel Group in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.90.

Global Business Travel Group Stock Down 0.1%

NYSE GBTG opened at $9.46 on Friday. The stock has a 50 day moving average price of $9.40 and a 200-day moving average price of $7.62. Global Business Travel Group, Inc. has a one year low of $4.95 and a one year high of $9.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $4.94 billion, a P/E ratio of 55.62 and a beta of 0.93.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share 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 quarter in the prior year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. As a group, equities analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Insider Transactions at Global Business Travel Group

In related news, CEO Paul G. Abbott sold 574,317 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $9.35, for a total value of $5,369,863.95. Following the completion of the transaction, the chief executive officer owned 2,582,911 shares of the company’s stock, valued at approximately $24,150,217.85. This trade represents a 18.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric J. Bock sold 90,886 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $9.35, for a total value of $849,784.10. Following the sale, the insider directly owned 773,956 shares in the company, valued at $7,236,488.60. The trade was a 10.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,275,345 shares of company stock worth $21,330,374. 5.40% of the stock is currently owned by corporate insiders.

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.