XTX Topco Ltd Sells 26,855 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

XTX Topco Ltd reduced its position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 52.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,662 shares of the company’s stock after selling 26,855 shares during the period. XTX Topco Ltd’s holdings in Global Business Travel Group were worth $179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Global Business Travel Group by 2,340.7% in the 1st quarter. GAMMA Investing LLC now owns 5,394 shares of the company’s stock valued at $39,000 after purchasing an additional 5,173 shares during the last quarter. Rhumbline Advisers boosted its stake in Global Business Travel Group by 13.9% in the first quarter. Rhumbline Advisers now owns 179,539 shares of the company’s stock valued at $1,303,000 after buying an additional 21,976 shares in the last quarter. Bank of America Corp DE grew its position in Global Business Travel Group by 40.6% in the fourth quarter. Bank of America Corp DE now owns 224,397 shares of the company’s stock valued at $2,082,000 after acquiring an additional 64,828 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Global Business Travel Group by 59.2% during the first quarter. Golden State Wealth Management LLC now owns 388,155 shares of the company’s stock worth $2,818,000 after acquiring an additional 144,303 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Global Business Travel Group by 63.9% during the fourth quarter. Deutsche Bank AG now owns 117,079 shares of the company’s stock worth $1,086,000 after acquiring an additional 45,641 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GBTG has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. UBS Group raised their target price on shares of Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.88.

Global Business Travel Group Price Performance

Global Business Travel Group stock opened at $7.87 on Thursday. The stock has a 50-day moving average price of $6.53 and a two-hundred day moving average price of $7.07. Global Business Travel Group, Inc. has a 12 month low of $5.78 and a 12 month high of $9.60. The company has a market capitalization of $3.77 billion, a PE ratio of -60.54 and a beta of 0.73. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.13.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. The business had revenue of $631.00 million during the quarter, compared to analyst estimates of $624.12 million. Analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

About Global Business Travel Group

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.