GAMMA Investing LLC Increases Position in Global Business Travel Group, Inc. (NYSE:GBTG)

GAMMA Investing LLC boosted its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 2,340.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,394 shares of the company’s stock after acquiring an additional 5,173 shares during the period. GAMMA Investing LLC’s holdings in Global Business Travel Group were worth $39,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GBTG. Millennium Management LLC grew its stake 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 valued at $13,097,000 after buying an additional 905,929 shares during the period. Dimensional Fund Advisors LP grew its stake 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. First Trust Advisors LP purchased a new stake in shares of Global Business Travel Group in the 4th quarter valued at approximately $3,666,000. Bank of New York Mellon Corp grew its stake 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 valued at $11,454,000 after buying an additional 384,560 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Global Business Travel Group by 225.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 403,262 shares of the company’s stock valued at $3,742,000 after buying an additional 279,533 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GBTG shares. BTIG Research started coverage on shares of 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. UBS Group lowered 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 report on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Global Business Travel Group currently has an average rating of “Moderate Buy” and an average target price of $9.70.

Global Business Travel Group Trading Up 2.3%

NYSE GBTG opened at $6.34 on Friday. The firm has a market cap of $3.03 billion, a PE ratio of -63.35 and a beta of 0.73. The firm’s fifty day moving average is $6.33 and its two-hundred day moving average is $7.64. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.60 and a current ratio of 1.60. Global Business Travel Group, Inc. has a one year low of $5.78 and a one year high of $9.60.

Global Business Travel Group (NYSE:GBTG) last issued its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.63 million. Global Business Travel Group had a negative net margin of 1.81% and a negative return on equity of 0.61%. 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.