Nuveen Asset Management LLC Acquires 110,651 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Nuveen Asset Management LLC boosted its holdings in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 44.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 356,960 shares of the company's stock after acquiring an additional 110,651 shares during the quarter. Nuveen Asset Management LLC owned 0.08% of Global Business Travel Group worth $3,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GBTG. Skandinaviska Enskilda Banken AB publ increased its holdings 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 buying an additional 2,199 shares during the period. Tower Research Capital LLC TRC lifted 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 valued at $67,000 after purchasing an additional 3,816 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Global Business Travel Group during the fourth quarter valued at approximately $95,000. Xponance Inc. bought a new position in shares of Global Business Travel Group in the fourth quarter worth approximately $105,000. Finally, Cibc World Markets Corp bought a new position in shares of Global Business Travel Group in the fourth quarter worth approximately $109,000. Hedge funds and other institutional investors own 82.46% of the company's stock.

Global Business Travel Group Trading Up 1.2%

Shares of NYSE:GBTG traded up $0.08 on Tuesday, hitting $6.42. The company had a trading volume of 1,040,781 shares, compared to its average volume of 907,445. The firm's 50-day simple moving average is $6.53 and its two-hundred day simple moving average is $8.00. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -17.82 and a beta of 0.78. 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, Inc. has a 1 year low of $5.78 and a 1 year high of $9.60.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GBTG shares. BTIG Research began coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They issued a "buy" rating and a $10.00 price target on the stock. UBS Group reduced their price target 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.