Global Business Travel Group, Inc. $GBTG Shares Acquired by PB Investment Partners L.P.

Key Points

• PB Investment Partners L.P. increased its stake in Global Business Travel Group, Inc. by 36.2% during the second quarter, making it the firm's 8th largest position with approximately 3.6% of its holdings.
• Institutional investors and hedge funds collectively own 82.46% of Global Business Travel Group, indicating strong interest from major financial players.
• Recent analyst ratings show a mix of opinions on the stock, with a consensus rating of "Hold" and an average price target of $10.00.

PB Investment Partners L.P. increased its position in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 36.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 835,496 shares of the company's stock after buying an additional 222,232 shares during the quarter. Global Business Travel Group comprises approximately 3.6% of PB Investment Partners L.P.'s holdings, making the stock its 8th largest position. PB Investment Partners L.P. owned approximately 0.17% of Global Business Travel Group worth $5,264,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of Global Business Travel Group by 218.4% during the first quarter. Golden State Wealth Management LLC now owns 776,310 shares of the company's stock valued at $5,636,000 after purchasing an additional 532,458 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Global Business Travel Group by 66.6% during the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company's stock valued at $5,347,000 after purchasing an additional 294,527 shares during the last quarter. Advantage Alpha Capital Partners LP lifted its holdings in shares of Global Business Travel Group by 99.0% during the first quarter. Advantage Alpha Capital Partners LP now owns 704,317 shares of the company's stock valued at $5,113,000 after purchasing an additional 350,350 shares during the last quarter. Emmett Investment Management LP lifted its holdings in shares of Global Business Travel Group by 116.3% during the first quarter. Emmett Investment Management LP now owns 500,178 shares of the company's stock valued at $3,676,000 after purchasing an additional 268,967 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Global Business Travel Group during the first quarter valued at $2,651,000. Institutional investors and hedge funds own 82.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GBTG shares. BTIG Research upped their target price on Global Business Travel Group from $8.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Global Business Travel Group in a report on Wednesday, October 8th. Wall Street Zen downgraded Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, UBS Group upped their target price on Global Business Travel Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Global Business Travel Group has a consensus rating of "Hold" and an average price target of $10.00.

Global Business Travel Group Stock Up 1.1%

Shares of Global Business Travel Group stock opened at $8.06 on Thursday. The stock has a 50-day moving average price of $8.02 and a 200 day moving average price of $6.99. The company has a market cap of $3.86 billion, a P/E ratio of -61.96 and a beta of 0.74. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.13. Global Business Travel Group, Inc. has a 1 year low of $5.78 and a 1 year high of $9.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $631.00 million during the quarter, compared to the consensus estimate of $624.12 million. Global Business Travel Group had a negative return on equity of 2.19% and a negative net margin of 2.34%. Global Business Travel Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal 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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