UBS Group AG Has $6.24 Million Stake in Global Business Travel Group, Inc. $GBTG

UBS Group AG increased its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 18.0% during the fourth quarter, HoldingsChannel reports. The fund owned 815,625 shares of the company’s stock after buying an additional 124,344 shares during the period. UBS Group AG’s holdings in Global Business Travel Group were worth $6,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Global Business Travel Group during the third quarter worth $26,000. Advisory Services Network LLC acquired a new stake in shares of Global Business Travel Group during the third quarter worth $61,000. CWM LLC raised its holdings 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 acquiring an additional 1,332 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Global Business Travel Group by 1,238.9% during the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after acquiring an additional 8,350 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Global Business Travel Group during the third quarter worth $81,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Global Business Travel Group Stock Down 0.4%

Shares of GBTG stock opened at $9.41 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. Global Business Travel Group, Inc. has a 1 year low of $4.95 and a 1 year high of $9.54. The firm’s fifty day moving average price is $6.48 and its two-hundred day moving average price is $6.86. The firm has a market capitalization of $4.93 billion, a P/E ratio of 55.32 and a beta of 0.75.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $840.00 million for the quarter, compared to analyst estimates of $814.55 million. Global Business Travel Group’s revenue was up 35.3% compared to the same quarter last year. On average, equities analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on GBTG shares. BTIG Research lowered shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. UBS Group dropped their price objective 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. Citigroup lowered 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, March 12th. Bank of America assumed coverage on shares of Global Business Travel Group in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $6.50 price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Global Business Travel Group has an average rating of “Hold” and an average price target 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.