Dimensional Fund Advisors LP raised its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 28.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,255,603 shares of the company's stock after acquiring an additional 936,989 shares during the period. Dimensional Fund Advisors LP owned approximately 0.81% of Global Business Travel Group worth $23,741,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. grew its stake in shares of Global Business Travel Group by 17.1% during the fourth quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company's stock worth $111,000 after purchasing an additional 2,125 shares during the period. California State Teachers Retirement System boosted its holdings in Global Business Travel Group by 2.5% during the fourth quarter. California State Teachers Retirement System now owns 88,896 shares of the company's stock worth $680,000 after buying an additional 2,143 shares during the last quarter. State of Wyoming boosted its holdings in Global Business Travel Group by 6.5% during the second quarter. State of Wyoming now owns 40,964 shares of the company's stock worth $258,000 after buying an additional 2,504 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Global Business Travel Group by 28.2% during the 4th quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company's stock worth $89,000 after buying an additional 2,549 shares during the period. Finally, Xponance LLC increased its stake in shares of Global Business Travel Group by 29.2% in the 4th quarter. Xponance LLC now owns 13,416 shares of the company's stock valued at $103,000 after acquiring an additional 3,032 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company's stock.
Analyst Upgrades and Downgrades
GBTG has been the subject of a number of analyst reports. Evercore cut shares of Global Business Travel Group from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. BTIG Research lowered shares of Global Business Travel Group from a "buy" rating to a "neutral" rating in a report on Monday, May 4th. Lake Street Capital set a $9.50 price target on shares of Global Business Travel Group in a report on Monday, May 4th. Weiss Ratings upgraded shares of Global Business Travel Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, May 15th. Finally, Wall Street Zen downgraded Global Business Travel Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $8.90.
View Our Latest Stock Report on Global Business Travel Group
Insider Transactions at Global Business Travel Group
In related news, Director James Peter Bush sold 17,500 shares of Global Business Travel Group stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $9.36, for a total value of $163,800.00. Following the sale, the director owned 120,526 shares of the company's stock, valued at approximately $1,128,123.36. The trade was a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karen A. Williams sold 10,000 shares of the company's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $9.35, for a total value of $93,500.00. Following the sale, the chief financial officer owned 596,157 shares in the company, valued at $5,574,067.95. The trade was a 1.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,572,683 shares of company stock worth $14,704,271. 5.40% of the stock is owned by insiders.
Global Business Travel Group Trading Up 0.1%
NYSE GBTG opened at $9.44 on Friday. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 55.50 and a beta of 0.93. The stock's 50 day moving average price is $9.39 and its two-hundred day moving average price is $7.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.18 and a current ratio of 1.20. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.54.
Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $810.60 million. Global Business Travel Group had a return on equity of 2.47% and a net margin of 2.77%.Global Business Travel Group's revenue was up 37.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 earnings per share. As a group, analysts anticipate that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current fiscal year.
Global Business Travel Group Profile
(
Free Report)
Global Business Travel Group NYSE: GBTG, formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.
Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.
See Also
Want to see what other hedge funds are holding GBTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Business Travel Group, Inc. (NYSE:GBTG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Global Business Travel Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Business Travel Group wasn't on the list.
While Global Business Travel Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
