E. Ohman J or Asset Management AB Has $2.61 Million Position in Global Business Travel Group, Inc. (NYSE:GBTG)

E. Ohman J or Asset Management AB boosted its stake in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 49.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 359,201 shares of the company's stock after buying an additional 118,604 shares during the period. E. Ohman J or Asset Management AB owned 0.08% of Global Business Travel Group worth $2,608,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ boosted its stake in Global Business Travel Group by 390.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock valued at $26,000 after buying an additional 2,199 shares in the last quarter. State of Wyoming bought a new position in shares of Global Business Travel Group during the 4th quarter valued at about $31,000. GAMMA Investing LLC boosted its position in shares of Global Business Travel Group by 2,340.7% during the 1st quarter. GAMMA Investing LLC now owns 5,394 shares of the company's stock valued at $39,000 after purchasing an additional 5,173 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Global Business Travel Group by 113.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company's stock worth $67,000 after purchasing an additional 3,816 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Global Business Travel Group in the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 82.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on GBTG. BTIG Research began coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They set a "buy" rating and a $10.00 target price for the company. UBS Group cut their price objective on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.70.

Global Business Travel Group Trading Down 0.1%

Shares of GBTG traded down $0.01 during midday trading on Tuesday, hitting $6.57. The stock had a trading volume of 807,946 shares, compared to its average volume of 906,147. The business has a 50-day simple moving average of $6.43 and a two-hundred day simple moving average of $7.90. The firm has a market cap of $3.14 billion, a P/E ratio of -18.24 and a beta of 0.73. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. Global Business Travel Group, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $9.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. The firm had revenue of $621.00 million during the quarter, compared to analyst estimates of $632.63 million. As a group, equities 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.