Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Global Business Travel Group, Inc. (NYSE:GBTG) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,171,328 shares, a drop of 56.1% from the April 30th total of 9,501,323 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 11,488,024 shares, the short-interest ratio is currently 0.4 days.

Global Business Travel Group Stock Performance

Shares of NYSE GBTG traded down $0.17 during trading hours on Friday, reaching $9.35. The stock had a trading volume of 2,770,928 shares, compared to its average volume of 7,333,721. The business’s fifty day moving average is $7.10 and its two-hundred day moving average is $6.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 54.97 and a beta of 0.75. Global Business Travel Group 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 quarterly earnings results on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $814.55 million. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. As a group, research analysts expect that Global Business Travel Group will post 0.18 EPS for the current year.

Institutional Trading of Global Business Travel Group

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

Analysts Set New Price Targets

Several research firms recently commented on GBTG. UBS Group cut their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. 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 report on Thursday, March 12th. Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. BTIG Research lowered shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Finally, Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus 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.