Harbor Capital Advisors Inc. Invests $192,000 in Global Business Travel Group, Inc. (NYSE:GBTG)

Harbor Capital Advisors Inc. bought a new position in Global Business Travel Group, Inc. (NYSE:GBTG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 26,402 shares of the company’s stock, valued at approximately $192,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC increased its position in shares of Global Business Travel Group by 179.3% in the 4th quarter. Millennium Management LLC now owns 1,411,286 shares of the company’s stock worth $13,097,000 after purchasing an additional 905,929 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Global Business Travel Group by 45.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,234,252 shares of the company’s stock worth $11,454,000 after purchasing an additional 384,560 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of 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 during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Global Business Travel Group by 614.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 888,989 shares of the company’s stock valued at $8,251,000 after buying an additional 764,628 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Global Business Travel Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,242 shares of the company’s stock valued at $7,538,000 after buying an additional 5,723 shares during the period. Institutional investors own 82.46% of the company’s stock.

Analysts Set New Price Targets

GBTG has been the subject of several research reports. Wall Street Zen lowered shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group decreased their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Finally, BTIG Research initiated 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 for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.70.

Global Business Travel Group Trading Down 4.7%

Global Business Travel Group stock opened at $6.08 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $6.42 and a two-hundred day moving average price of $7.83. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -16.89 and a beta of 0.73. Global Business Travel Group, Inc. has a 52-week low of $5.78 and a 52-week high of $9.60.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The firm had revenue of $621.00 million during the quarter, compared to analyst estimates of $632.63 million. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. Sell-side analysts expect that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current 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.