Ares Management LLC Has $87.48 Million Position in Global Business Travel Group, Inc. $GBTG

Ares Management LLC boosted its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 21.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,886,023 shares of the company’s stock after buying an additional 2,489,506 shares during the quarter. Global Business Travel Group comprises 0.2% of Ares Management LLC’s portfolio, making the stock its 5th biggest holding. Ares Management LLC owned 2.90% of Global Business Travel Group worth $87,482,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GBTG. Quarry LP bought a new stake in shares of Global Business Travel Group during the 1st quarter worth about $26,000. CWM LLC boosted its position in Global Business Travel Group by 262.6% during the second quarter. CWM LLC now owns 6,298 shares of the company’s stock worth $40,000 after purchasing an additional 4,561 shares during the period. Creative Planning acquired a new position in Global Business Travel Group during the second quarter valued at approximately $67,000. Quadrature Capital Ltd acquired a new position in Global Business Travel Group during the second quarter valued at approximately $71,000. Finally, PharVision Advisers LLC bought a new position in shares of Global Business Travel Group in the first quarter valued at approximately $83,000. 82.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BTIG Research upped 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 report on Wednesday, August 27th. Evercore ISI upped their price target on shares of Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Global Business Travel Group in a research note on Monday. Morgan Stanley boosted their price objective on Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Finally, Zacks Research lowered Global Business Travel Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Global Business Travel Group presently has a consensus rating of “Hold” and a consensus target price of $10.25.

Global Business Travel Group Stock Up 0.8%

GBTG opened at $8.05 on Friday. Global Business Travel Group, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $9.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 1.23. The firm’s fifty day moving average price is $7.74 and its two-hundred day moving average price is $7.34. The company has a market capitalization of $4.21 billion, a P/E ratio of 402.25 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $674.00 million during the quarter, compared to analyst estimates of $615.39 million. Global Business Travel Group had a net margin of 0.40% and a return on equity of 3.52%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts anticipate 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.