Jump Financial LLC Grows Stock Position in Global Business Travel Group, Inc. $GBTG

Key Points

• Jump Financial LLC significantly increased its stake in Global Business Travel Group by 1,284.9%, acquiring a total of 141,915 shares worth approximately $1,030,000 during the first quarter.
• UBS Group raised its price target for GBTG from $10.00 to $11.00, maintaining a "buy" rating, while Wall Street Zen downgraded the stock from "buy" to "hold."
• The stock opened at $8.36 with a market capitalization of $4.00 billion, having recently reported a positive EPS of $0.03 for the quarter.

Jump Financial LLC increased its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 1,284.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,915 shares of the company's stock after acquiring an additional 131,668 shares during the period. Jump Financial LLC's holdings in Global Business Travel Group were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $31,000. Federated Hermes Inc. acquired a new stake in shares of Global Business Travel Group during the 1st quarter valued at about $27,000. Neo Ivy Capital Management acquired a new stake in shares of Global Business Travel Group during the 1st quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in Global Business Travel Group by 2,340.7% in the 1st quarter. GAMMA Investing LLC now owns 5,394 shares of the company's stock worth $39,000 after buying an additional 5,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Global Business Travel Group by 113.5% in the 4th 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 during the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Global Business Travel Group Price Performance

GBTG traded down $0.08 during trading on Wednesday, reaching $8.04. The company's stock had a trading volume of 724,707 shares, compared to its average volume of 910,799. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.13. The firm has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $6.97. Global Business Travel Group, Inc. has a 1 year low of $5.78 and a 1 year high of $9.60. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -61.88 and a beta of 0.75.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $631.00 million for the quarter, compared to analyst estimates of $624.12 million. Global Business Travel Group has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

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