3,776 Shares in Global Business Travel Group, Inc. (NYSE:GBTG) Acquired by Federated Hermes Inc.

Federated Hermes Inc. purchased a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) during the first quarter, Holdings Channel reports. The firm purchased 3,776 shares of the company’s stock, valued at approximately $27,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Global Business Travel Group by 2,340.7% during the first quarter. GAMMA Investing LLC now owns 5,394 shares of the company’s stock worth $39,000 after buying an additional 5,173 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Global Business Travel Group by 13.9% in the 1st quarter. Rhumbline Advisers now owns 179,539 shares of the company’s stock valued at $1,303,000 after purchasing an additional 21,976 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Global Business Travel Group by 40.6% in the 4th quarter. Bank of America Corp DE now owns 224,397 shares of the company’s stock valued at $2,082,000 after purchasing an additional 64,828 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Global Business Travel Group by 59.2% in the 1st quarter. Golden State Wealth Management LLC now owns 388,155 shares of the company’s stock valued at $2,818,000 after purchasing an additional 144,303 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Global Business Travel Group by 63.9% in the 4th quarter. Deutsche Bank AG now owns 117,079 shares of the company’s stock valued at $1,086,000 after purchasing an additional 45,641 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Trading Down 0.5%

NYSE GBTG opened at $7.48 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.13. Global Business Travel Group, Inc. has a twelve month low of $5.78 and a twelve month high of $9.60. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -57.50 and a beta of 0.73. The business’s fifty day moving average is $6.48 and its 200 day moving average is $7.06.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Global Business Travel Group had a negative return on equity of 2.19% and a negative net margin of 2.34%. The company had revenue of $631.00 million for the quarter, compared to the consensus estimate of $624.12 million. As a group, sell-side analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on GBTG. UBS Group raised their target price on Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Global Business Travel Group has an average rating of “Moderate Buy” and an average target price of $9.88.

Global Business Travel Group 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.