Tidal Investments LLC cut its position in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 23.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,266 shares of the company's stock after selling 77,826 shares during the quarter. Tidal Investments LLC owned 0.06% of Global Business Travel Group worth $2,406,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its position in shares of Global Business Travel Group by 390.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock worth $26,000 after acquiring an additional 2,199 shares in the last quarter. State of Wyoming acquired a new position in Global Business Travel Group in the 4th quarter worth approximately $31,000. Tower Research Capital LLC TRC boosted its stake 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 purchasing an additional 3,816 shares during the period. Jump Financial LLC purchased a new position in Global Business Travel Group during the 4th quarter worth approximately $95,000. Finally, Xponance Inc. acquired a new stake in Global Business Travel Group during the 4th quarter valued at $105,000. 82.46% of the stock is owned by hedge funds and other institutional investors.
Global Business Travel Group Stock Up 0.2%
GBTG stock opened at $6.09 on Friday. The company has a 50 day moving average of $6.73 and a two-hundred day moving average of $8.12. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -16.90 and a beta of 0.78. Global Business Travel Group, Inc. has a 12-month low of $5.73 and a 12-month high of $9.60. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24.
Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.63 million. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. On average, equities analysts anticipate that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
GBTG has been the subject of several recent analyst reports. BTIG Research initiated coverage on Global Business Travel Group in a research report on Tuesday, March 18th. They issued a "buy" rating and a $10.00 target price for the company. UBS Group reduced their price objective on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Global Business Travel Group presently has a consensus rating of "Moderate Buy" and an average price target of $9.70.
View Our Latest Research Report on Global Business Travel Group
Global Business Travel Group Company Profile
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Free Report)
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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