Dimensional Fund Advisors LP Raises Stock Position in Global Business Travel Group, Inc. (NYSE:GBTG)

Dimensional Fund Advisors LP boosted its position in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 614.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888,989 shares of the company's stock after purchasing an additional 764,628 shares during the quarter. Dimensional Fund Advisors LP owned about 0.19% of Global Business Travel Group worth $8,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of GBTG. Skandinaviska Enskilda Banken AB publ raised its position in shares of Global Business Travel Group by 390.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock worth $26,000 after buying an additional 2,199 shares in the last quarter. Jump Financial LLC bought a new position in shares of Global Business Travel Group in the fourth quarter worth approximately $95,000. Xponance Inc. purchased a new position in Global Business Travel Group in the 4th quarter worth approximately $105,000. Cibc World Markets Corp bought a new stake in shares of Global Business Travel Group during the 4th quarter worth $109,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Global Business Travel Group in the fourth quarter worth $112,000. 82.46% of the stock is owned by institutional investors.

Global Business Travel Group Stock Down 2.8 %

Shares of NYSE:GBTG opened at $5.84 on Friday. The stock has a market capitalization of $2.79 billion, a P/E ratio of -16.22 and a beta of 0.78. Global Business Travel Group, Inc. has a 12-month low of $5.73 and a 12-month high of $9.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. The stock's 50-day moving average price is $7.01 and its 200-day moving average price is $8.22.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The firm had revenue of $621.00 million for the quarter, compared to analysts' expectations of $632.63 million. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. On average, equities analysts anticipate that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

GBTG has been the subject of several research analyst reports. UBS Group dropped their price target on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday. BTIG Research started coverage on Global Business Travel Group in a research note on Tuesday, March 18th. They issued a "buy" rating and a $10.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.70.

About Global Business Travel Group

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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