40,900 Shares in Global Business Travel Group, Inc. $GBTG Purchased by Strs Ohio

Key Points

• Strs Ohio has acquired 40,900 shares of Global Business Travel Group, valued at approximately $297,000, signaling institutional interest in the company.
• Goldman Sachs increased its stake in Global Business Travel Group by 66.6%, now holding 736,472 shares valued at over $5.3 million, reinforcing confidence in the company's performance.
• Analysts have raised their price targets for GBTG, with BTIG Research setting it at $10.00 and UBS at $11.00, indicating a positive outlook for the stock.

Strs Ohio acquired a new stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,900 shares of the company's stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Global Business Travel Group by 66.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company's stock valued at $5,347,000 after purchasing an additional 294,527 shares in the last quarter. PharVision Advisers LLC bought a new stake in Global Business Travel Group during the 1st quarter valued at about $83,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Global Business Travel Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company's stock valued at $541,000 after purchasing an additional 3,238 shares in the last quarter. AQR Capital Management LLC increased its stake in Global Business Travel Group by 169.9% during the 1st quarter. AQR Capital Management LLC now owns 64,060 shares of the company's stock valued at $465,000 after purchasing an additional 40,328 shares in the last quarter. Finally, Quarry LP bought a new stake in Global Business Travel Group during the 1st quarter valued at about $26,000. 82.46% of the stock is currently owned by institutional investors.

Global Business Travel Group Stock Performance

GBTG opened at $8.24 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.13. The company has a market cap of $3.94 billion, a price-to-earnings ratio of -63.35 and a beta of 0.75. The company's 50 day moving average is $7.56 and its 200 day moving average is $6.94. Global Business Travel Group, Inc. has a 12-month low of $5.78 and a 12-month high of $9.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $631.00 million for the quarter, compared to the consensus estimate of $624.12 million. Global Business Travel Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on GBTG shares. BTIG Research raised their price objective on shares of Global Business Travel Group from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday, August 27th. UBS Group raised their price objective on shares of Global Business Travel Group from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.

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