American Century Companies Inc. Invests $455,000 in Global Business Travel Group, Inc. $GBTG

Key Points

• American Century Companies Inc. has acquired a new stake in Global Business Travel Group, purchasing 62,687 shares valued at approximately $455,000 during the first quarter.
• Global Business Travel Group reported a quarterly revenue of $631 million, exceeding analyst expectations, and has established an FY 2025 guidance for earnings per share.
• Analysts have mixed views on the stock, with three recommending a "Buy" and one a "Hold," leading to a consensus rating of "Moderate Buy" and a target price of $9.88.

American Century Companies Inc. acquired a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 62,687 shares of the company's stock, valued at approximately $455,000.

A number of other hedge funds also recently added to or reduced their stakes in GBTG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 in the last quarter. State of Wyoming purchased a new position in shares of Global Business Travel Group during the 4th quarter worth approximately $31,000. Federated Hermes Inc. purchased a new position in shares of Global Business Travel Group during the 1st quarter worth approximately $27,000. Tower Research Capital LLC TRC raised its stake in shares of Global Business Travel Group by 113.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company's stock worth $67,000 after buying an additional 3,816 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Global Business Travel Group during the 1st quarter worth approximately $29,000. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Price Performance

Global Business Travel Group stock traded up $0.40 during mid-day trading on Thursday, hitting $8.33. 946,399 shares of the company were exchanged, compared to its average volume of 865,313. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.66. The business's 50 day simple moving average is $7.28 and its two-hundred day simple moving average is $6.95. The company has a market capitalization of $3.99 billion, a P/E ratio of -64.08 and a beta of 0.75. 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 released its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Global Business Travel Group had a negative return on equity of 2.19% and a negative net margin of 2.34%.The company had revenue of $631.00 million during the quarter, compared to the consensus estimate of $624.12 million. Global Business Travel Group has set its FY 2025 guidance at EPS. Analysts forecast that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Global Business Travel Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. BTIG Research increased their target price 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. Finally, UBS Group increased 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. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.88.

Global Business Travel Group Profile

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.