Emmett Investment Management LP Sells 208,781 Shares of Global Business Travel Group, Inc. $GBTG

Emmett Investment Management LP lessened its position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 47.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,404 shares of the company’s stock after selling 208,781 shares during the period. Global Business Travel Group makes up approximately 1.3% of Emmett Investment Management LP’s investment portfolio, making the stock its 23rd largest position. Emmett Investment Management LP’s holdings in Global Business Travel Group were worth $1,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GBTG. CWM LLC increased its stake in shares of Global Business Travel Group by 21.1% during the third quarter. CWM LLC now owns 7,630 shares of the company’s stock worth $62,000 after purchasing an additional 1,332 shares during the period. State of Wyoming boosted its stake in Global Business Travel Group by 6.5% in the 2nd quarter. State of Wyoming now owns 40,964 shares of the company’s stock valued at $258,000 after purchasing an additional 2,504 shares during the period. Occudo Quantitative Strategies LP boosted its stake in Global Business Travel Group by 3.6% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 88,122 shares of the company’s stock valued at $555,000 after purchasing an additional 3,068 shares during the period. Quantbot Technologies LP acquired a new position in Global Business Travel Group in the 3rd quarter valued at $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Global Business Travel Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock worth $541,000 after buying an additional 3,238 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Price Performance

Shares of NYSE GBTG opened at $5.57 on Friday. The business has a fifty day moving average price of $6.37 and a two-hundred day moving average price of $7.34. The stock has a market capitalization of $2.91 billion, a PE ratio of 24.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.23. Global Business Travel Group, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $8.64.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Monday, March 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. Global Business Travel Group had a return on equity of 6.20% and a net margin of 4.01%.The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.48 million. As a group, equities analysts predict that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GBTG shares. Wall Street Zen raised Global Business Travel Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Citigroup decreased their price target on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday. BTIG Research lowered their price target on shares of Global Business Travel Group from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Morgan Stanley cut their price objective on shares of Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 9th. Finally, Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.40.

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.