First Trust Advisors LP Purchases New Holdings in Global Business Travel Group, Inc. (NYSE:GBTG)

First Trust Advisors LP purchased a new position in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 395,079 shares of the company's stock, valued at approximately $3,666,000. First Trust Advisors LP owned about 0.08% of Global Business Travel Group as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in Global Business Travel Group by 362.3% during the 3rd quarter. Barclays PLC now owns 198,673 shares of the company's stock valued at $1,528,000 after buying an additional 155,696 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Global Business Travel Group in the fourth quarter valued at about $446,000. Xponance Inc. bought a new position in shares of Global Business Travel Group during the fourth quarter valued at about $105,000. E. Ohman J or Asset Management AB purchased a new stake in shares of Global Business Travel Group during the fourth quarter worth about $2,233,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Global Business Travel Group during the fourth quarter worth about $182,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Global Business Travel Group Trading Down 10.2 %

Shares of GBTG traded down $0.71 during trading hours on Tuesday, reaching $6.19. 1,484,547 shares of the company traded hands, compared to its average volume of 855,906. Global Business Travel Group, Inc. has a 12 month low of $5.30 and a 12 month high of $9.60. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24. The company's fifty day moving average price is $7.19 and its two-hundred day moving average price is $8.27. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of -17.18 and a beta of 0.78.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. Equities research analysts predict that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on Global Business Travel Group in a research report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price target for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.90.

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.