UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $984,000 Position in Global Business Travel Group, Inc. (NYSE:GBTG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Global Business Travel Group, Inc. (NYSE:GBTG) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 127,950 shares of the company’s stock, valued at approximately $984,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Amalgamated Bank increased its position in Global Business Travel Group by 299.1% in the second quarter. Amalgamated Bank now owns 4,342 shares of the company’s stock worth $29,000 after buying an additional 3,254 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Global Business Travel Group during the 2nd quarter valued at approximately $108,000. Susquehanna Fundamental Investments LLC purchased a new stake in Global Business Travel Group in the 2nd quarter worth approximately $143,000. Entropy Technologies LP bought a new stake in Global Business Travel Group during the 3rd quarter worth approximately $145,000. Finally, Victory Capital Management Inc. bought a new stake in Global Business Travel Group during the 2nd quarter worth approximately $147,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GBTG has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Global Business Travel Group from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Friday, October 4th. UBS Group assumed coverage on shares of Global Business Travel Group in a report on Friday, November 22nd. They issued a “buy” rating and a $11.00 target price for the company. Finally, Morgan Stanley raised their price target on Global Business Travel Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

Global Business Travel Group Trading Up 0.3 %

Global Business Travel Group stock opened at $9.17 on Thursday. Global Business Travel Group, Inc. has a 1 year low of $4.49 and a 1 year high of $9.60. The firm’s 50 day moving average price is $8.56 and its 200-day moving average price is $7.46. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $4.31 billion, a P/E ratio of -25.47 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The company had revenue of $597.00 million during the quarter, compared to the consensus estimate of $611.89 million. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. On average, equities analysts predict that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

Global Business Travel Group declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 5th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase up to 8.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.