Prelude Capital Management LLC Sells 3,947 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Prelude Capital Management LLC decreased its holdings in Global Business Travel Group, Inc. (NYSE:GBTG) by 8.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,892 shares of the company’s stock after selling 3,947 shares during the quarter. Prelude Capital Management LLC’s holdings in Global Business Travel Group were worth $291,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GBTG. Apollo Management Holdings L.P. purchased a new stake in shares of Global Business Travel Group during the 1st quarter worth approximately $170,437,000. ETF Managers Group LLC purchased a new position in Global Business Travel Group in the 4th quarter valued at approximately $7,656,000. Hudson Bay Capital Management LP purchased a new position in Global Business Travel Group in the 1st quarter valued at approximately $6,173,000. Dendur Capital LP grew its stake in Global Business Travel Group by 42.7% in the 4th quarter. Dendur Capital LP now owns 1,734,773 shares of the company’s stock valued at $11,710,000 after buying an additional 518,900 shares in the last quarter. Finally, Vanguard Group Inc. purchased a new position in Global Business Travel Group in the 3rd quarter valued at approximately $1,127,000. Institutional investors own 96.92% of the company’s stock.

Global Business Travel Group Stock Down 0.6 %

Shares of NYSE:GBTG opened at $5.76 on Tuesday. The firm has a fifty day moving average price of $6.58 and a two-hundred day moving average price of $6.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.64 and a quick ratio of 1.64. Global Business Travel Group, Inc. has a one year low of $4.26 and a one year high of $8.05. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -6.77 and a beta of 0.27.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.16). Global Business Travel Group had a negative net margin of 2.84% and a negative return on equity of 4.74%. The firm had revenue of $592.00 million during the quarter, compared to the consensus estimate of $560.35 million. Analysts anticipate that Global Business Travel Group, Inc. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GBTG has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Global Business Travel Group from $8.80 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Credit Suisse Group lifted their price objective on shares of Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.90.

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 including airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.