Global Business Travel Group (NYSE:GBTG) Trading 1.4% Higher

Global Business Travel Group, Inc. (NYSE:GBTG)’s stock price shot up 1.4% during trading on Wednesday . The stock traded as high as $5.99 and last traded at $5.96. 161,011 shares changed hands during trading, an increase of 8% from the average session volume of 149,338 shares. The stock had previously closed at $5.88.

Global Business Travel Group Trading Up 1.4 %

The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.64 and a current ratio of 1.64. The company has a 50 day simple moving average of $5.86 and a 200 day simple moving average of $5.80. The company has a market capitalization of $2.82 billion, a PE ratio of -14.54 and a beta of 0.63.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Global Business Travel Group had a negative net margin of 2.71% and a negative return on equity of 4.81%. The company had revenue of $549.00 million during the quarter, compared to analysts’ expectations of $540.21 million. Analysts anticipate that Global Business Travel Group, Inc. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in Global Business Travel Group by 53.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock worth $43,000 after purchasing an additional 2,323 shares in the last quarter. Barclays PLC acquired a new position in Global Business Travel Group in the 2nd quarter valued at about $47,000. Mariner LLC purchased a new stake in Global Business Travel Group in the 3rd quarter valued at approximately $65,000. Credit Suisse AG purchased a new stake in Global Business Travel Group in the 2nd quarter valued at approximately $69,000. Finally, Citigroup Inc. purchased a new stake in shares of Global Business Travel Group during the 2nd quarter worth approximately $69,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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.