Advantage Alpha Capital Partners LP Acquires 350,350 Shares of Global Business Travel Group, Inc. $GBTG

Key Points

• Advantage Alpha Capital Partners LP increased its stake in Global Business Travel Group, Inc. by 99.0%, owning 704,317 shares after acquiring an additional 350,350 shares during the 1st quarter.
• Wall Street analysts are optimistic about the stock, with UBS Group raising its price target from $10.00 to $11.00 and giving it a "buy" rating, while the consensus rating remains a "Moderate Buy" with a target price of $9.88.
• Global Business Travel Group reported a quarterly revenue of $631 million, exceeding estimates, and had a negative net margin of 2.34% with an EPS of $0.03.

Advantage Alpha Capital Partners LP lifted its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 99.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,317 shares of the company's stock after purchasing an additional 350,350 shares during the quarter. Global Business Travel Group accounts for approximately 1.3% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 27th largest position. Advantage Alpha Capital Partners LP owned about 0.15% of Global Business Travel Group worth $5,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Emmett Investment Management LP grew its holdings in shares of Global Business Travel Group by 116.3% during the first quarter. Emmett Investment Management LP now owns 500,178 shares of the company's stock worth $3,676,000 after purchasing an additional 268,967 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Global Business Travel Group during the first quarter worth about $170,000. American Century Companies Inc. purchased a new stake in Global Business Travel Group in the first quarter worth approximately $455,000. Nuveen LLC purchased a new stake in Global Business Travel Group in the first quarter worth approximately $2,651,000. Finally, Entropy Technologies LP purchased a new stake in Global Business Travel Group in the first quarter worth approximately $98,000. Hedge funds and other institutional investors own 82.46% of the company's stock.

Analysts Set New Price Targets

GBTG has been the subject of several research reports. UBS Group upped their target price on Global Business Travel Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered 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. According to MarketBeat, Global Business Travel Group has a consensus rating of "Moderate Buy" and an average target price of $9.88.

Global Business Travel Group Trading Up 3.6%

Shares of NYSE:GBTG traded up $0.2850 during trading on Friday, reaching $8.2650. 945,309 shares of the company traded hands, compared to its average volume of 1,066,336. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -63.58 and a beta of 0.73. Global Business Travel Group, Inc. has a 52-week low of $5.78 and a 52-week 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. The business's fifty day moving average is $6.74 and its 200-day moving average is $6.99.

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 for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $631.00 million during 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. As a group, analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

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.