E. Ohman J or Asset Management AB Acquires 118,604 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

E. Ohman J or Asset Management AB lifted its holdings in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 49.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 359,201 shares of the company's stock after acquiring an additional 118,604 shares during the quarter. 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.

A number of other hedge funds have also recently made changes to their positions in GBTG. Wulff Hansen & CO. increased its stake in shares of Global Business Travel Group by 7.7% in the fourth quarter. Wulff Hansen & CO. now owns 23,126 shares of the company's stock worth $215,000 after buying an additional 1,651 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Global Business Travel Group by 17.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,578 shares of the company's stock worth $126,000 after buying an additional 1,976 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Global Business Travel Group by 390.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock worth $26,000 after buying an additional 2,199 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Global Business Travel Group by 3.3% in the fourth 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 during the period. Finally, Mariner LLC increased its stake in shares of Global Business Travel Group by 11.6% in the fourth quarter. Mariner LLC now owns 22,077 shares of the company's stock worth $205,000 after buying an additional 2,302 shares during the period. 82.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BTIG Research assumed coverage on shares of Global Business Travel Group in a research note on Tuesday, March 18th. They issued a "buy" rating and a $10.00 target price on the stock. UBS Group decreased their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Global Business Travel Group has an average rating of "Moderate Buy" and an average price target of $9.70.

Global Business Travel Group Stock Up 1.2%

Shares of Global Business Travel Group stock opened at $6.58 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. The company's fifty day simple moving average is $6.46 and its two-hundred day simple moving average is $7.94. The company has a market cap of $3.15 billion, a P/E ratio of -18.26 and a beta of 0.73. 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 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. The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.63 million. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. Research analysts anticipate that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

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.

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