GSA Capital Partners LLP Buys 105,615 Shares of Global Business Travel Group, Inc. $GBTG

GSA Capital Partners LLP lifted its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 318.3% in the 4th quarter, Holdings Channel reports. The fund owned 138,798 shares of the company’s stock after acquiring an additional 105,615 shares during the quarter. GSA Capital Partners LLP’s holdings in Global Business Travel Group were worth $1,062,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Global Business Travel Group in the third quarter valued at $26,000. Advisory Services Network LLC bought a new position in Global Business Travel Group in the third quarter valued at $61,000. Creative Planning bought a new position in Global Business Travel Group in the second quarter valued at $67,000. Russell Investments Group Ltd. grew its position in Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock valued at $73,000 after purchasing an additional 8,350 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Global Business Travel Group in the third quarter valued at $81,000. Institutional investors own 82.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GBTG. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Evercore downgraded shares of Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Citigroup decreased their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Lake Street Capital set a $9.50 target price on shares of Global Business Travel Group in a research report on Monday, May 4th. Finally, UBS Group decreased 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 report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Global Business Travel Group currently has an average rating of “Hold” and a consensus price target of $8.90.

Global Business Travel Group Stock Performance

Shares of GBTG stock opened at $9.42 on Friday. The stock has a market cap of $4.93 billion, a P/E ratio of 55.38 and a beta of 0.75. 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 fifty day moving average price of $6.63 and a two-hundred day moving average price of $6.89. Global Business Travel Group, Inc. has a one year low of $4.95 and a one year high of $9.54.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Monday, May 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The business’s quarterly revenue was up 35.3% on a year-over-year basis. As a group, equities analysts predict that Global Business Travel Group, Inc. will post 0.18 EPS for the current year.

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.