Deutsche Bank AG Lowers Position in Global Business Travel Group, Inc. $GBTG

Deutsche Bank AG lowered its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,089 shares of the company’s stock after selling 10,990 shares during the period. Deutsche Bank AG’s holdings in Global Business Travel Group were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Global Business Travel Group by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,338 shares of the company’s stock worth $662,000 after buying an additional 2,258 shares in the last quarter. Mariner LLC boosted its holdings in Global Business Travel Group by 11.6% during the fourth quarter. Mariner LLC now owns 22,077 shares of the company’s stock worth $205,000 after buying an additional 2,302 shares in the last quarter. State of Wyoming purchased a new stake in Global Business Travel Group during the fourth quarter worth about $31,000. Federated Hermes Inc. purchased a new stake in Global Business Travel Group during the first quarter worth about $27,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Global Business Travel Group by 113.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company’s stock worth $67,000 after buying an additional 3,816 shares in the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Stock Performance

NYSE:GBTG opened at $8.1750 on Tuesday. The firm has a 50 day simple moving average of $6.78 and a 200-day simple moving average of $6.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $3.92 billion, a PE ratio of -62.88 and a beta of 0.73. Global Business Travel Group, Inc. has a 1-year low of $5.78 and a 1-year high of $9.60.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $631.00 million during the quarter, compared to analyst estimates of $624.12 million. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. Global Business Travel Group has set its FY 2025 guidance at EPS. On average, equities analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

GBTG has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Global Business Travel Group from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.88.

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.