Emmett Investment Management LP Boosts Stock Position 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 lifted 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 disclosure with the SEC. The fund owned 500,178 shares of the company's stock after acquiring an additional 268,967 shares during the period. Global Business Travel Group makes up approximately 3.3% of Emmett Investment Management LP's investment portfolio, making the stock its 14th largest holding. Emmett Investment Management LP owned 0.10% of Global Business Travel Group worth $3,676,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Global Business Travel Group by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,338 shares of the company's stock worth $662,000 after purchasing an additional 2,258 shares during the period. Mariner LLC lifted its holdings in shares of Global Business Travel Group by 11.6% during the fourth quarter. Mariner LLC now owns 22,077 shares of the company's stock worth $205,000 after purchasing an additional 2,302 shares during the period. State of Wyoming acquired a new stake in shares of Global Business Travel Group during the fourth quarter worth about $31,000. Federated Hermes Inc. acquired a new stake in shares of Global Business Travel Group during the first quarter worth about $27,000. Finally, Tower Research Capital LLC TRC lifted 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 purchasing an additional 3,816 shares during the period. Hedge funds and other institutional investors own 82.46% of the company's stock.

Analysts Set New Price Targets

GBTG has been the subject of a number of research reports. UBS Group lifted their target price on Global Business Travel Group from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Global Business Travel Group has a consensus rating of "Moderate Buy" and a consensus price target of $9.88.

Global Business Travel Group Stock Performance

NYSE:GBTG traded up $0.2850 during trading hours on Friday, reaching $8.2650. The company had a trading volume of 945,309 shares, compared to its average volume of 1,052,304. Global Business Travel Group, Inc. has a 1-year low of $5.78 and a 1-year high of $9.60. The firm has a market cap of $3.96 billion, a PE ratio of -63.58 and a beta of 0.73. The business's 50 day moving average price is $6.74 and its 200-day moving average price is $7.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.66.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating 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 company 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. Research analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Global Business Travel Group 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.