Vanguard Group Inc. Sells 42,141 Shares of Global Business Travel Group, Inc. $GBTG

Key Points

• Vanguard Group Inc. reduced its stake in Global Business Travel Group, Inc. by 0.5%, selling 42,141 shares and retaining approximately 9.2 million shares worth about $66.98 million.
• Global Business Travel Group has experienced mixed analyst ratings, with UBS raising their price target to $11.00 while Wall Street Zen downgraded the stock from a "buy" to a "hold" rating.
• In its most recent earnings report, the company reported earnings per share of $0.03, exceeding analysts’ expectations, while setting a guidance for FY 2025 amidst a projected earnings per share of -0.17 for the current year.

Vanguard Group Inc. trimmed its position in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,226,091 shares of the company's stock after selling 42,141 shares during the period. Vanguard Group Inc. owned 1.93% of Global Business Travel Group worth $66,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming acquired a new position in Global Business Travel Group during the fourth quarter worth $31,000. Federated Hermes Inc. acquired a new position in shares of Global Business Travel Group in the first quarter valued at $27,000. Neo Ivy Capital Management acquired a new position in shares of Global Business Travel Group in the first quarter valued at $29,000. GAMMA Investing LLC increased its holdings in shares of 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 valued at $39,000 after purchasing an additional 5,173 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of 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. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Global Business Travel Group Price Performance

GBTG traded up $0.05 on Friday, hitting $8.30. 70,944 shares of the stock were exchanged, compared to its average volume of 906,497. Global Business Travel Group, Inc. has a 12 month low of $5.78 and a 12 month high of $9.60. The business has a 50-day moving average of $6.91 and a two-hundred day moving average of $7.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of -63.81 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. The business had revenue of $631.00 million during the quarter, compared to analysts' expectations of $624.12 million. Global Business Travel Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. UBS Group upped their price target on shares of Global Business Travel Group from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, BTIG Research upped their price target on shares of Global Business Travel Group from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $9.88.

About Global Business Travel Group

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.