Harbor Capital Advisors Inc. Increases Position in Global Business Travel Group, Inc. $GBTG

Harbor Capital Advisors Inc. raised its position in Global Business Travel Group, Inc. (NYSE:GBTG) by 56.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,399 shares of the company’s stock after purchasing an additional 14,997 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Global Business Travel Group were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in Global Business Travel Group by 66.6% in the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock valued at $5,347,000 after purchasing an additional 294,527 shares during the period. Rhumbline Advisers raised its position 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 purchasing an additional 21,976 shares during the period. Strs Ohio purchased a new stake in Global Business Travel Group in the first quarter valued at approximately $297,000. PharVision Advisers LLC purchased a new stake in Global Business Travel Group in the first quarter valued at approximately $83,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Global Business Travel Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after purchasing an additional 3,238 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Analyst Ratings Changes

GBTG has been the topic of a number of research analyst reports. BTIG Research boosted their target price on Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. UBS Group increased their price objective on Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen cut Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.88.

Global Business Travel Group Stock Down 0.9%

Global Business Travel Group stock opened at $8.15 on Friday. 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. The stock has a market cap of $3.90 billion, a PE ratio of -62.69 and a beta of 0.75. The stock’s fifty day moving average is $7.49 and its two-hundred day moving average is $6.95.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings results 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. Global Business Travel Group had a negative return on equity of 2.19% and a negative net margin of 2.34%.The company had revenue of $631.00 million for the quarter, compared to analysts’ expectations of $624.12 million. Global Business Travel Group has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal 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.