Global Business Travel Group, Inc. (NYSE:GBTG) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 63.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,079 shares of the company’s stock after buying an additional 45,641 shares during the period. Deutsche Bank AG’s holdings in Global Business Travel Group were worth $1,086,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Global Business Travel Group during the fourth quarter valued at approximately $446,000. Xponance Inc. purchased a new position in Global Business Travel Group during the 4th quarter worth approximately $105,000. E. Ohman J or Asset Management AB acquired a new stake in Global Business Travel Group during the 4th quarter valued at $2,233,000. Handelsbanken Fonder AB purchased a new stake in shares of Global Business Travel Group in the fourth quarter valued at $182,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Global Business Travel Group in the fourth quarter valued at $2,263,000. 82.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Global Business Travel Group Price Performance

Shares of GBTG opened at $6.01 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $8.11. Global Business Travel Group, Inc. has a 1-year low of $5.76 and a 1-year high of $9.60. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -16.68 and a beta of 0.78.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $632.63 million. On average, research analysts forecast that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

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.