SG Americas Securities LLC Invests $1.67 Million in Global Business Travel Group, Inc. $GBTG

SG Americas Securities LLC purchased a new position in Global Business Travel Group, Inc. (NYSE:GBTG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 217,888 shares of the company’s stock, valued at approximately $1,667,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GBTG. AQR Capital Management LLC boosted its holdings in shares of Global Business Travel Group by 169.9% in the first quarter. AQR Capital Management LLC now owns 64,060 shares of the company’s stock worth $465,000 after buying an additional 40,328 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 worth $541,000 after buying an additional 3,238 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 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 worth $5,347,000 after buying an additional 294,527 shares during the last quarter. Creative Planning purchased a new position in shares of Global Business Travel Group in the second quarter worth approximately $67,000. Finally, Legal & General Group Plc boosted its holdings in shares of Global Business Travel Group by 4.0% in the second quarter. Legal & General Group Plc now owns 112,365 shares of the company’s stock worth $708,000 after buying an additional 4,308 shares during the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Global Business Travel Group Price Performance

NYSE GBTG opened at $5.75 on Tuesday. The company has a market capitalization of $3.01 billion, a PE ratio of 24.98 and a beta of 0.75. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.14 and a current ratio of 1.14. The business’s fifty day moving average is $5.65 and its 200 day moving average is $7.04. Global Business Travel Group, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $8.64.

Global Business Travel Group (NYSE:GBTG) last released its earnings results on Monday, March 9th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.48 million. Global Business Travel Group had a return on equity of 6.20% and a net margin of 4.01%. Sell-side analysts predict that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GBTG. Weiss Ratings raised shares of Global Business Travel Group from a “sell (d)” rating to a “hold (c)” rating in a report on Thursday, March 12th. Morgan Stanley lowered their target price on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Wall Street Zen downgraded Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Citigroup lowered their target price on Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, Zacks Research upgraded Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Global Business Travel Group presently has an average rating of “Moderate Buy” and an average target price of $9.40.

Global Business Travel Group Company Profile

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.