Rhumbline Advisers grew its position in Global Business Travel Group, Inc. (NYSE:GBTG – Free Report) by 13.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 179,539 shares of the company’s stock after purchasing an additional 21,976 shares during the period. Rhumbline Advisers’ holdings in Global Business Travel Group were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Global Business Travel Group by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,338 shares of the company’s stock worth $662,000 after buying an additional 2,258 shares during the period. State of Wyoming acquired a new position in shares of Global Business Travel Group in the fourth quarter valued at about $31,000. Quarry LP bought a new position in Global Business Travel Group during the first quarter worth about $26,000. Federated Hermes Inc. acquired a new stake in Global Business Travel Group in the 1st quarter worth about $27,000. Finally, Neo Ivy Capital Management bought a new stake in Global Business Travel Group in the 1st quarter valued at about $29,000. 82.46% of the stock is owned by institutional investors and hedge funds.
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Wall Street Analysts Forecast Growth
A number of equities analysts have commented on GBTG shares. BTIG Research raised their price objective on 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. UBS Group upped 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 report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Global Business Travel Group presently has a consensus rating of “Moderate Buy” and an average target price of $9.88.
View Our Latest Research Report on Global Business Travel Group
Global Business Travel Group Trading Down 0.9%
GBTG opened at $8.15 on Friday. The company has a fifty day moving average price of $7.49 and a two-hundred day moving average price of $6.95. 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 market cap of $3.90 billion, a P/E ratio of -62.69 and a beta of 0.75. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.13.
Global Business Travel Group (NYSE:GBTG – Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. 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. Analysts predict that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.
Global Business Travel Group Company Profile
(Free Report)
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.
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Rhumbline Advisers Has $1.30 Million Holdings in Global Business Travel Group, Inc. $GBTG
