State of Wyoming Raises Position in Global Business Travel Group, Inc. $GBTG

Key Points

• The State of Wyoming significantly increased its stake in Global Business Travel Group, Inc. by 1,035.5%, owning a total of 38,460 shares worth $279,000 by the end of the recent quarter.
• Global Business Travel Group reported a quarterly EPS of $0.03, surpassing expectations and achieving revenue of $631 million, above the forecast of $624.12 million.
• Wall Street analysts have a favorable outlook on GBTG, with an average price target of $9.88, following upgrades from multiple analysts regarding the stock's potential for growth.

State of Wyoming boosted its position in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 1,035.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,460 shares of the company's stock after purchasing an additional 35,073 shares during the quarter. State of Wyoming's holdings in Global Business Travel Group were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in shares of Global Business Travel Group during the 1st quarter valued at $27,000. Neo Ivy Capital Management purchased a new stake in shares of Global Business Travel Group during the 1st quarter valued at $29,000. GAMMA Investing LLC raised 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 buying an additional 5,173 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Global Business Travel Group by 113.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company's stock valued at $67,000 after buying an additional 3,816 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Global Business Travel Group by 311.8% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 11,373 shares of the company's stock valued at $83,000 after buying an additional 8,611 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 0.3%

Shares of NYSE GBTG traded down $0.03 during midday trading on Friday, hitting $8.12. 682,791 shares of the company traded hands, compared to its average volume of 855,851. Global Business Travel Group, Inc. has a 12-month low of $5.78 and a 12-month high of $9.60. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50-day moving average price of $7.14 and a 200 day moving average price of $6.95. The firm has a market cap of $3.89 billion, a P/E ratio of -62.42 and a beta of 0.75.

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 the consensus estimate of $0.02 by $0.01. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. The company had revenue of $631.00 million for the quarter, compared to analysts' expectations of $624.12 million. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GBTG. BTIG Research raised their price objective on shares of Global Business Travel Group from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, August 27th. Wall Street Zen lowered shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, UBS Group increased their target price on shares of Global Business Travel Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.