Global Business Travel Group, Inc. (NYSE:GBTG) Holdings Boosted by Nuveen Asset Management LLC

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

Several other hedge funds have also made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ raised its position 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 worth $26,000 after buying an additional 2,199 shares during the period. Tower Research Capital LLC TRC grew its stake 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 in the last quarter. Jump Financial LLC acquired a new position in Global Business Travel Group in the fourth quarter worth about $95,000. Xponance Inc. acquired a new position in Global Business Travel Group in the fourth quarter worth about $105,000. Finally, Cibc World Markets Corp acquired a new position in Global Business Travel Group in the fourth quarter worth about $109,000. Institutional investors and hedge funds own 82.46% of the company's stock.

Global Business Travel Group Price Performance

GBTG traded up $0.12 during trading on Thursday, reaching $6.50. The stock had a trading volume of 1,101,372 shares, compared to its average volume of 910,063. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of -18.06 and a beta of 0.73. 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. The stock has a 50 day moving average of $6.49 and a two-hundred day moving average of $7.98.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted 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 company had revenue of $621.00 million for the quarter, compared to analysts' expectations 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%. As a group, equities analysts anticipate that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on GBTG. UBS Group decreased their target price on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. BTIG Research started coverage on Global Business Travel Group in a report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price target on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company 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.