Price T Rowe Associates Inc. MD Acquires 8,214 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Price T Rowe Associates Inc. MD increased its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,353 shares of the company’s stock after acquiring an additional 8,214 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Global Business Travel Group were worth $458,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ grew its position in shares of Global Business Travel Group by 390.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company’s stock valued at $26,000 after purchasing an additional 2,199 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Global Business Travel Group by 113.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company’s stock worth $67,000 after purchasing an additional 3,816 shares in the last quarter. Jump Financial LLC purchased a new stake in Global Business Travel Group during the 4th quarter valued at about $95,000. Xponance Inc. purchased a new stake in Global Business Travel Group during the 4th quarter valued at about $105,000. Finally, Cibc World Markets Corp purchased a new stake in Global Business Travel Group during the 4th quarter valued at about $109,000. 82.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GBTG has been the subject of several research reports. BTIG Research initiated coverage on Global Business Travel Group in a research report on Tuesday, March 18th. They issued a “buy” rating and a $10.00 target price for the company. UBS Group reduced their target price on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.70.

Global Business Travel Group Trading Up 1.1%

Shares of GBTG stock opened at $6.24 on Wednesday. The company has a market cap of $2.99 billion, a PE ratio of -17.33 and a beta of 0.78. The stock’s 50 day simple moving average is $6.93 and its two-hundred day simple moving average is $8.20. Global Business Travel Group, Inc. has a 1 year low of $5.73 and a 1 year high of $9.60. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. The company had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $632.63 million. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. Research analysts predict that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current year.

Global Business Travel Group Company Profile

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.