Global Business Travel Group, Inc. $GBTG Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB cut its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,167 shares of the company’s stock after selling 122,034 shares during the period. E. Ohman J or Asset Management AB’s holdings in Global Business Travel Group were worth $1,814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GBTG. AQR Capital Management LLC lifted its stake in Global Business Travel Group by 169.9% during the first quarter. AQR Capital Management LLC now owns 64,060 shares of the company’s stock valued at $465,000 after buying an additional 40,328 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Global Business Travel Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after acquiring an additional 3,238 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Global Business Travel Group by 66.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock valued at $5,347,000 after acquiring an additional 294,527 shares in the last quarter. Creative Planning acquired a new position in Global Business Travel Group in the 2nd quarter worth approximately $67,000. Finally, Handelsbanken Fonder AB boosted its stake in Global Business Travel Group by 57.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 30,900 shares of the company’s stock worth $195,000 after purchasing an additional 11,300 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Price Performance

NYSE GBTG opened at $5.27 on Wednesday. Global Business Travel Group, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $8.64. The stock’s 50-day moving average is $6.00 and its two-hundred day moving average is $7.20. The firm has a market cap of $2.76 billion, a P/E ratio of 22.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.14 and a quick ratio of 1.14.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings results on Monday, March 9th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $792.00 million during 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%. On average, analysts anticipate that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have 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 research note on Thursday, March 12th. Morgan Stanley decreased their target price on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, March 9th. BTIG Research lowered their price target on Global Business Travel Group from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, March 9th. UBS Group dropped their price target on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Zacks Research raised Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Global Business Travel Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.40.

About Global Business Travel Group

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.