Jupiter Asset Management Ltd. Grows Position in Global Business Travel Group, Inc. (NYSE:GBTG)

Jupiter Asset Management Ltd. lifted its stake in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 436.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,739 shares of the company's stock after buying an additional 49,411 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Global Business Travel Group were worth $441,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State of Wyoming bought a new stake in Global Business Travel Group in the fourth quarter worth $31,000. Federated Hermes Inc. bought a new stake in Global Business Travel Group in the first quarter worth $27,000. Neo Ivy Capital Management bought a new stake in Global Business Travel Group in the first quarter worth $29,000. GAMMA Investing LLC increased its position in Global Business Travel Group by 2,340.7% in the first quarter. GAMMA Investing LLC now owns 5,394 shares of the company's stock worth $39,000 after purchasing an additional 5,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Global Business Travel Group by 113.5% in the fourth 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 last quarter. Hedge funds and other institutional investors own 82.46% of the company's stock.

Global Business Travel Group Stock Up 2.4%

Shares of GBTG opened at $6.24 on Tuesday. The firm has a market capitalization of $2.98 billion, a P/E ratio of -62.35 and a beta of 0.73. Global Business Travel Group, Inc. has a 12-month low of $5.78 and a 12-month high of $9.60. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average price of $6.38 and a 200-day moving average price of $7.12.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $621.00 million during the quarter, compared to analyst estimates of $632.63 million. Global Business Travel Group had a negative net margin of 1.81% and a negative return on equity of 0.61%. Equities research analysts expect that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GBTG has been the topic of several research reports. Wall Street Zen cut shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. UBS Group reduced their price target 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $9.70.

Global Business Travel Group Company 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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