Charles Schwab Investment Management Inc. Sells 22,534 Shares of Global Business Travel Group, Inc. $GBTG

Charles Schwab Investment Management Inc. decreased its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 2.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 789,708 shares of the company’s stock after selling 22,534 shares during the period. Charles Schwab Investment Management Inc. owned 0.17% of Global Business Travel Group worth $5,733,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GBTG. Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. BTIG Research increased their price target on shares of Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group raised their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Global Business Travel Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.88.

Global Business Travel Group Trading Up 0.7%

Shares of Global Business Travel Group stock opened at $8.23 on Thursday. The company’s fifty day simple moving average is $6.86 and its 200-day simple moving average is $7.00. The stock has a market capitalization of $3.94 billion, a PE ratio of -63.27 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. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.66.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $631.00 million for the quarter, compared to analysts’ expectations 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. As a group, equities analysts anticipate that Global Business Travel Group, Inc. will post -0.17 earnings per share 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.