Global Business Travel Group, Inc. $GBTG Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 182,300 shares of the company’s stock after selling 2,300 shares during the period. Swiss National Bank’s holdings in Global Business Travel Group were worth $1,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 during the last quarter. Mariner LLC boosted its stake 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 during the last quarter. State of Wyoming acquired a new position in Global Business Travel Group during the fourth quarter worth $31,000. Federated Hermes Inc. acquired a new position in Global Business Travel Group during the first quarter worth $27,000. Finally, Tower Research Capital LLC TRC boosted its stake 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 during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GBTG. UBS Group boosted their price objective on Global Business Travel Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Global Business Travel Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.88.

Global Business Travel Group Stock Performance

Shares of Global Business Travel Group stock opened at $8.1750 on Tuesday. Global Business Travel Group, Inc. has a 52 week low of $5.78 and a 52 week high of $9.60. The business’s fifty day simple moving average is $6.78 and its 200-day simple moving average is $6.98. The firm has a market cap of $3.92 billion, a PE ratio of -62.88 and a beta of 0.73. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.13.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Global Business Travel Group had a negative return on equity of 2.19% and a negative net margin of 2.34%.The business had revenue of $631.00 million for the quarter, compared to analyst estimates of $624.12 million. Global Business Travel Group has set its FY 2025 guidance at EPS. Equities analysts forecast 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.