Invesco Ltd. Has $802,000 Stock Holdings in Global Business Travel Group, Inc. $GBTG

Invesco Ltd. raised its holdings in Global Business Travel Group, Inc. (NYSE:GBTG) by 15.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,414 shares of the company’s stock after acquiring an additional 14,592 shares during the quarter. Invesco Ltd.’s holdings in Global Business Travel Group were worth $802,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new stake in Global Business Travel Group in the first quarter valued at approximately $27,000. Neo Ivy Capital Management acquired a new stake in shares of Global Business Travel Group in the first quarter worth $29,000. State of Wyoming acquired a new stake in shares of Global Business Travel Group in the fourth quarter worth $31,000. GAMMA Investing LLC lifted its stake in shares of Global Business Travel Group by 2,340.7% in the first quarter. GAMMA Investing LLC now owns 5,394 shares of the company’s stock worth $39,000 after buying an additional 5,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Global Business Travel Group by 113.5% in 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. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. 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 research note on Wednesday, August 6th. Finally, BTIG Research boosted their price objective on shares of Global Business Travel Group from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Global Business Travel Group currently has an average rating of “Moderate Buy” and an average target price of $9.88.

Global Business Travel Group Trading Down 0.2%

Shares of Global Business Travel Group stock opened at $8.10 on Thursday. The firm has a market capitalization of $3.88 billion, a PE ratio of -62.27 and a beta of 0.75. 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 company’s fifty day moving average price is $7.07 and its two-hundred day moving average price is $6.98. Global Business Travel Group, Inc. has a 52-week low of $5.78 and a 52-week high of $9.60.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $631.00 million for 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, analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS 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.