Northern Trust Corp Acquires 58,189 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Northern Trust Corp increased its holdings in Global Business Travel Group, Inc. (NYSE:GBTG) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,176,197 shares of the company’s stock after buying an additional 58,189 shares during the period. Northern Trust Corp owned about 0.25% of Global Business Travel Group worth $10,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in Global Business Travel Group in the fourth quarter worth approximately $446,000. Xponance Inc. purchased a new position in Global Business Travel Group in the fourth quarter worth $105,000. E. Ohman J or Asset Management AB purchased a new position in Global Business Travel Group in the fourth quarter worth $2,233,000. Handelsbanken Fonder AB purchased a new position in Global Business Travel Group in the fourth quarter worth $182,000. Finally, Golden State Wealth Management LLC purchased a new position in Global Business Travel Group in the fourth quarter worth $2,263,000. Institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Price Performance

NYSE GBTG opened at $6.11 on Friday. 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’s fifty day moving average price is $6.83 and its 200 day moving average price is $8.16. Global Business Travel Group, Inc. has a 1 year low of $5.73 and a 1 year high of $9.60. The company has a market cap of $2.92 billion, a price-to-earnings ratio of -16.96 and a beta of 0.78.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. The firm had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.63 million. As a group, equities research analysts forecast that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They issued a “buy” rating and a $10.00 price target on the stock. UBS Group cut their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.70.

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