Wealthspire Advisors LLC Takes $1.88 Million Position in Global Business Travel Group, Inc. (NYSE:GBTG)

Key Points

• Wealthspire Advisors LLC acquired a new position in Global Business Travel Group, Inc. valued at approximately $1.88 million, purchasing 258,588 shares during the first quarter.
• Global Business Travel Group reported a quarterly revenue of $631 million, exceeding analysts' expectations of $624.12 million, with an earnings per share (EPS) of $0.03.
• UBS Group upgraded the stock's price target from $10.00 to $11.00 with a "buy" rating, while the average consensus price target for the stock is currently $9.88.

Wealthspire Advisors LLC bought a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 258,588 shares of the company's stock, valued at approximately $1,877,000. Wealthspire Advisors LLC owned 0.05% of Global Business Travel Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GBTG. Federated Hermes Inc. purchased a new position in shares of Global Business Travel Group in the 1st quarter valued at $27,000. Neo Ivy Capital Management acquired a new stake in Global Business Travel Group during the 1st quarter valued at $29,000. State of Wyoming acquired a new stake in Global Business Travel Group during the 4th quarter valued at $31,000. GAMMA Investing LLC grew its holdings in Global Business Travel Group by 2,340.7% during the 1st 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 in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Global Business Travel Group by 113.5% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 82.46% of the company's stock.

Global Business Travel Group Stock Performance

NYSE:GBTG traded up $0.28 during mid-day trading on Friday, hitting $7.53. The stock had a trading volume of 1,543,647 shares, compared to its average volume of 931,768. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -57.88 and a beta of 0.73. The company has a 50 day simple moving average of $6.45 and a 200-day simple moving average of $7.09. Global Business Travel Group, Inc. has a 52 week low of $5.78 and a 52 week high of $9.60. The company has a current ratio of 1.66, a quick ratio of 1.60 and a debt-to-equity ratio of 1.13.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $631.00 million for the quarter, compared to the consensus estimate of $624.12 million. On average, research analysts expect that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Global Business Travel Group from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen lowered shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.88.

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.