Global Business Travel Group, Inc. (NYSE:GBTG) Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC grew its position in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 59.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,155 shares of the company's stock after purchasing an additional 144,303 shares during the period. Golden State Wealth Management LLC owned approximately 0.08% of Global Business Travel Group worth $2,818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GBTG. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Global Business Travel Group by 390.6% in 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. State of Wyoming purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $31,000. GAMMA Investing LLC raised its holdings 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 during the period. Tower Research Capital LLC TRC raised its holdings 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 during the period. Finally, Jump Financial LLC purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $95,000. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Stock Down 1.1%

GBTG stock traded down $0.07 during midday trading on Monday, hitting $6.40. 1,343,601 shares of the company's stock were exchanged, compared to its average volume of 913,547. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.21. Global Business Travel Group, Inc. has a 12-month low of $5.78 and a 12-month high of $9.60. The firm has a 50 day moving average price of $6.29 and a 200-day moving average price of $7.49. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -64.00 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. Global Business Travel Group had a negative return on equity of 0.61% and a negative net margin of 1.81%. The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.63 million. On average, analysts anticipate that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GBTG. Wall Street Zen upgraded Global Business Travel Group from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group dropped their target price on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, BTIG Research began coverage on Global Business Travel Group in a report on Tuesday, March 18th. They set a "buy" rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $9.70.

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.