Ameriprise Financial Inc. Makes New $132,000 Investment in Global Business Travel Group, Inc. (NYSE:GBTG)

Ameriprise Financial Inc. bought a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,191 shares of the company’s stock, valued at approximately $132,000.

Several other hedge funds have also recently modified their holdings of GBTG. Northern Trust Corp grew its stake in Global Business Travel Group by 5.2% in the 4th quarter. Northern Trust Corp now owns 1,176,197 shares of the company’s stock valued at $10,915,000 after buying an additional 58,189 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Global Business Travel Group in the 4th quarter valued at approximately $357,000. Price T Rowe Associates Inc. MD grew its stake in Global Business Travel Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 49,353 shares of the company’s stock valued at $458,000 after buying an additional 8,214 shares in the last quarter. ClearAlpha Technologies LP purchased a new position in Global Business Travel Group in the 4th quarter valued at approximately $136,000. Finally, Tower Research Capital LLC TRC grew its stake in Global Business Travel Group by 113.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company’s stock valued at $67,000 after buying an additional 3,816 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GBTG shares. UBS Group reduced their price objective on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. BTIG Research started coverage on shares of Global Business Travel Group in a research note on Tuesday, March 18th. They issued a “buy” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Global Business Travel Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.70.

Global Business Travel Group Trading Up 1.2%

Shares of GBTG stock opened at $6.58 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. Global Business Travel Group, Inc. has a 52-week low of $5.78 and a 52-week high of $9.60. The company has a market capitalization of $3.15 billion, a PE ratio of -18.26 and a beta of 0.73. The business’s fifty day moving average is $6.46 and its 200 day moving average is $7.94.

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

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.