Golden State Wealth Management LLC increased its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 59.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 388,155 shares of the company's stock after acquiring an additional 144,303 shares during the period. Golden State Wealth Management LLC owned about 0.08% of Global Business Travel Group worth $2,818,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ raised its holdings in Global Business Travel Group by 390.6% during 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 during the fourth quarter worth approximately $31,000. GAMMA Investing LLC increased its position in Global Business Travel Group by 2,340.7% during the first 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. Tower Research Capital LLC TRC increased its position in Global Business Travel Group by 113.5% during the fourth 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. Finally, Jump Financial LLC acquired a new position in Global Business Travel Group during the fourth quarter worth approximately $95,000. Institutional investors own 82.46% of the company's stock.
Global Business Travel Group Stock Performance
Shares of Global Business Travel Group stock traded up $0.12 on Friday, hitting $6.47. The stock had a trading volume of 544,351 shares, compared to its average volume of 911,820. Global Business Travel Group, Inc. has a twelve month low of $5.78 and a twelve month high of $9.60. The business's 50 day moving average is $6.30 and its two-hundred day moving average is $7.52. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.21. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -64.70 and a beta of 0.73.
Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, beating 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. Analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Wall Street Zen raised Global Business Travel Group from a "hold" rating to a "buy" rating in a research report on Saturday. UBS Group lowered their price target on 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. Finally, BTIG Research assumed coverage on Global Business Travel Group in a research report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price target 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $9.70.
Check Out Our Latest Report on GBTG
About Global Business Travel Group
(
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.
See Also
Before you consider Global Business Travel Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Business Travel Group wasn't on the list.
While Global Business Travel Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
