Global Business Travel Group, Inc. $GBTG Stock Holdings Lessened by Beach Point Capital Management LP

Key Points

• Beach Point Capital Management LP has significantly reduced its stake in Global Business Travel Group (GBTG) by 63.0%, leaving it with 770,143 shares.
• Multiple analysts have provided a range of ratings for GBTG, with UBS raising its target price to $11.00, while Weiss Ratings has downgraded it to a sell rating.
• GBTG reported a $0.03 earnings per share, outperforming analyst estimates, with quarterly revenue reaching $631 million.

Beach Point Capital Management LP lowered its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 63.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 770,143 shares of the company's stock after selling 1,313,322 shares during the quarter. Global Business Travel Group accounts for 2.1% of Beach Point Capital Management LP's investment portfolio, making the stock its 7th largest holding. Beach Point Capital Management LP owned 0.16% of Global Business Travel Group worth $4,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of GBTG. Quarry LP bought a new stake in shares of Global Business Travel Group in the 1st quarter worth $26,000. Federated Hermes Inc. purchased a new position in Global Business Travel Group during the first quarter worth about $27,000. Neo Ivy Capital Management bought a new stake in Global Business Travel Group in the 1st quarter worth about $29,000. GAMMA Investing LLC increased its stake 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 valued at $39,000 after buying an additional 5,173 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Global Business Travel Group by 262.6% during the 2nd quarter. CWM LLC now owns 6,298 shares of the company's stock worth $40,000 after buying an additional 4,561 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Global Business Travel Group Stock Performance

Shares of GBTG opened at $8.13 on Tuesday. 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 debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.66. The stock's fifty day moving average price is $8.05 and its two-hundred day moving average price is $7.01. The firm has a market cap of $3.89 billion, a PE ratio of -62.50 and a beta of 0.74.

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 for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $631.00 million during the quarter, compared to analyst estimates 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. On average, equities 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.

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