Deutsche Bank AG Acquires 45,641 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Deutsche Bank AG increased its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 63.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,079 shares of the company's stock after buying an additional 45,641 shares during the period. Deutsche Bank AG's holdings in Global Business Travel Group were worth $1,086,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Global Business Travel Group by 390.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock valued at $26,000 after purchasing an additional 2,199 shares in the last quarter. 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 bought a new position in Global Business Travel Group during the 4th quarter worth about $95,000. Xponance Inc. bought a new stake in shares of Global Business Travel Group in the fourth quarter valued at about $105,000. Finally, Cibc World Markets Corp acquired a new position in shares of Global Business Travel Group during the fourth quarter worth about $109,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on GBTG shares. BTIG Research started coverage on Global Business Travel Group in a research note on Tuesday, March 18th. They issued a "buy" rating and a $10.00 target price on the stock. UBS Group cut their price objective on shares of Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $9.70.

Global Business Travel Group Stock Performance

GBTG stock traded up $0.02 during trading hours on Friday, reaching $6.25. The stock had a trading volume of 91,662 shares, compared to its average volume of 896,529. The stock has a 50-day simple moving average of $6.58 and a 200 day simple moving average of $8.05. Global Business Travel Group, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $9.60. The stock has a market capitalization of $2.99 billion, a PE ratio of -17.35 and a beta of 0.78. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The business had revenue of $621.00 million during the quarter, compared to the consensus estimate of $632.63 million. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. Analysts predict that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal 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.