Nuveen LLC Takes $2.65 Million Position in Global Business Travel Group, Inc. $GBTG

Key Points

• Nuveen LLC has acquired 365,114 shares of Global Business Travel Group, Inc. (NYSE:GBTG) valued at approximately $2.65 million, marking an ownership of about 0.08% of the company.
• Major institutional investors continue to increase their holdings in GBTG, with GAMMA Investing LLC raising its stake by 2,340.7% during the first quarter.
• Analyst ratings for GBTG are mixed, with UBS upgrading their price target to $11.00, while Wall Street Zen downgraded it from a "buy" to a "hold" rating.

Nuveen LLC bought a new stake in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 365,114 shares of the company's stock, valued at approximately $2,651,000. Nuveen LLC owned approximately 0.08% of Global Business Travel Group at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GBTG. Federated Hermes Inc. purchased a new position in shares of Global Business Travel Group in the 1st quarter valued at about $27,000. Neo Ivy Capital Management acquired a new position in Global Business Travel Group during the first quarter worth approximately $29,000. State of Wyoming acquired a new position in Global Business Travel Group during the fourth quarter worth approximately $31,000. GAMMA Investing LLC increased its position in Global Business Travel Group by 2,340.7% during the first quarter. GAMMA Investing LLC now owns 5,394 shares of the company's stock worth $39,000 after buying an additional 5,173 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Global Business Travel Group by 113.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company's stock valued at $67,000 after purchasing an additional 3,816 shares during the period. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Price Performance

GBTG stock traded up $0.11 on Friday, reaching $8.36. 883,226 shares of the company's stock were exchanged, compared to its average volume of 968,657. The stock has a fifty day moving average of $6.95 and a 200-day moving average of $6.98. Global Business Travel Group, Inc. has a twelve month low of $5.78 and a twelve month high of $9.60. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $631.00 million for the quarter, compared to analyst estimates of $624.12 million. Global Business Travel Group had a negative return on equity of 2.19% and a negative net margin of 2.34%. Global Business Travel Group has set its FY 2025 guidance at EPS. On average, analysts predict that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GBTG shares. BTIG Research boosted their target price on Global Business Travel Group from $8.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday. UBS Group boosted their target price on Global Business Travel Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen lowered Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.88.

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.