Global Business Travel Group (NYSE:GBTG) Announces Quarterly Earnings Results

Global Business Travel Group (NYSE:GBTG) released its quarterly earnings results on Monday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09), Zacks reports. The company had revenue of $674.00 million during the quarter, compared to analyst estimates of $615.39 million. Global Business Travel Group had a return on equity of 3.84% and a net margin of 0.40%.Global Business Travel Group’s revenue for the quarter was up 12.9% compared to the same quarter last year. Global Business Travel Group updated its FY 2025 guidance to EPS.

Global Business Travel Group Stock Up 3.4%

Shares of NYSE GBTG opened at $7.91 on Wednesday. The stock has a market capitalization of $3.79 billion, a PE ratio of 395.50 and a beta of 0.73. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average of $8.01 and a 200-day moving average of $7.16. Global Business Travel Group has a 52-week low of $5.78 and a 52-week high of $9.60.

Institutional Investors Weigh In On Global Business Travel Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Par Capital Management Inc. lifted its stake in shares of Global Business Travel Group by 37.1% in the 2nd quarter. Par Capital Management Inc. now owns 1,024,014 shares of the company’s stock valued at $6,451,000 after purchasing an additional 277,284 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Global Business Travel Group by 66.6% in the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock valued at $5,347,000 after buying an additional 294,527 shares during the period. Qube Research & Technologies Ltd lifted its position in Global Business Travel Group by 1,337.1% during the second quarter. Qube Research & Technologies Ltd now owns 462,876 shares of the company’s stock valued at $2,916,000 after buying an additional 430,667 shares in the last quarter. Tidal Investments LLC lifted its position in Global Business Travel Group by 11.9% during the second quarter. Tidal Investments LLC now owns 298,493 shares of the company’s stock valued at $1,881,000 after buying an additional 31,777 shares in the last quarter. Finally, HRT Financial LP acquired a new stake in shares of Global Business Travel Group in the second quarter worth $1,831,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on GBTG shares. Morgan Stanley boosted their target price on shares of Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Global Business Travel Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. UBS Group lifted their target price on shares of Global Business Travel Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, BTIG Research boosted their price target on Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.67.

About Global Business Travel Group

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.