Emmett Investment Management LP Grows Stock Holdings in Global Business Travel Group, Inc. $GBTG

Key Points

• Emmett Investment Management LP increased its stake in Global Business Travel Group by 116.3%, owning 500,178 shares valued at approximately $3.68 million, making it the 14th largest position in their portfolio.
• Other significant investors, including Millennium Management LLC and Dimensional Fund Advisors LP, have also increased their positions in Global Business Travel Group, with 82.46% of the stock currently held by institutional investors and hedge funds.
• Analysts have a consensus rating of "Moderate Buy" for Global Business Travel Group, raising the price target to $9.88, following a quarterly earnings report that exceeded expectations with revenues of $631 million.

Emmett Investment Management LP increased its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 116.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,178 shares of the company's stock after buying an additional 268,967 shares during the period. Global Business Travel Group comprises approximately 3.3% of Emmett Investment Management LP's investment portfolio, making the stock its 14th largest holding. Emmett Investment Management LP owned approximately 0.10% of Global Business Travel Group worth $3,676,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 acquiring an additional 2,258 shares during the last quarter. Mariner LLC lifted its holdings in Global Business Travel Group by 11.6% in the 4th quarter. Mariner LLC now owns 22,077 shares of the company's stock valued at $205,000 after purchasing an additional 2,302 shares in the last quarter. State of Wyoming acquired a new stake in Global Business Travel Group during the 4th quarter worth $31,000. Federated Hermes Inc. purchased a new stake in shares of Global Business Travel Group during the first quarter worth $27,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Global Business Travel Group by 113.5% during the fourth 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. Hedge funds and other institutional investors own 82.46% of the company's stock.

Global Business Travel Group Trading Down 0.4%

NYSE:GBTG traded down $0.0350 on Monday, reaching $8.2250. The company's stock had a trading volume of 232,643 shares, compared to its average volume of 910,994. Global Business Travel Group, Inc. has a 12-month low of $5.78 and a 12-month high of $9.60. The stock has a 50 day moving average price of $6.74 and a 200 day moving average price of $6.99. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of -63.27 and a beta of 0.73. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.13.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm 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. On average, equities analysts anticipate that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GBTG shares. UBS Group boosted their price target on shares of Global Business Travel Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Global Business Travel Group presently has an average rating of "Moderate Buy" and a consensus target price of $9.88.

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.