Bank of New York Mellon Corp Decreases Position in Global Business Travel Group, Inc. (NYSE:GBTG)

Bank of New York Mellon Corp lessened its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 38.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 757,093 shares of the company's stock after selling 477,159 shares during the period. Bank of New York Mellon Corp owned 0.16% of Global Business Travel Group worth $5,496,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. State of Wyoming bought a new position in shares of Global Business Travel Group in the fourth quarter worth about $31,000. GAMMA Investing LLC boosted its stake in shares of Global Business Travel Group by 2,340.7% in the first quarter. GAMMA Investing LLC now owns 5,394 shares of the company's stock worth $39,000 after acquiring an additional 5,173 shares during the period. Tower Research Capital LLC TRC boosted its stake 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 worth $67,000 after acquiring an additional 3,816 shares during the period. Jump Financial LLC bought a new position in shares of Global Business Travel Group in the fourth quarter worth about $95,000. Finally, Xponance Inc. bought a new position in shares of Global Business Travel Group in the fourth quarter worth about $105,000. Institutional investors own 82.46% of the company's stock.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG traded down $0.06 during mid-day trading on Monday, reaching $6.71. The stock had a trading volume of 771,772 shares, compared to its average volume of 871,434. Global Business Travel Group, Inc. has a 1 year low of $5.78 and a 1 year high of $9.60. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.21. The business's 50 day moving average price is $6.34 and its 200 day moving average price is $7.20. The company has a market cap of $3.21 billion, a P/E ratio of -67.10 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. Global Business Travel Group had a negative return on equity of 0.61% and a negative net margin of 1.81%. The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.63 million. Research analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GBTG has been the topic of a number of research analyst reports. Wall Street Zen downgraded Global Business Travel Group from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group decreased their target price on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Global Business Travel Group has a consensus rating of "Moderate Buy" and a consensus price target of $9.70.

Global Business Travel Group Company 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.