Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Key Points

• Short interest declined 21.1% to 10,428,950 shares as of March 13, equal to about 2.0% of the stock and a days-to-cover ratio of 5.2.
• GBTG beat the quarter with EPS $0.06 vs. $0.02 and revenue $792M vs. $789.48M, but analysts have trimmed targets — consensus is a Moderate Buy with a $9.40 target and an expected -$0.17 EPS for the current year.
• Institutional investors and hedge funds own 82.46% of the shares; the stock trades near $5.35 (12‑month range $4.95–$8.64) with a $2.8B market cap and a P/E of 23.24.

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 10,428,950 shares, a decline of 21.1% from the February 26th total of 13,224,628 shares. Approximately 2.0% of the company's stock are short sold. Based on an average trading volume of 2,018,353 shares, the days-to-cover ratio is currently 5.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Global Business Travel Group in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in Global Business Travel Group during the 4th quarter worth approximately $32,000. Advisory Services Network LLC purchased a new position in Global Business Travel Group during the 3rd quarter worth approximately $61,000. CWM LLC lifted its stake in Global Business Travel Group by 21.1% during the 3rd quarter. CWM LLC now owns 7,630 shares of the company's stock valued at $62,000 after acquiring an additional 1,332 shares during the period. Finally, Creative Planning acquired a new stake in Global Business Travel Group during the 2nd quarter valued at approximately $67,000. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Trading Down 3.3%

NYSE GBTG opened at $5.35 on Friday. Global Business Travel Group has a 12-month low of $4.95 and a 12-month high of $8.64. The company has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $7.15. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.80 billion, a P/E ratio of 23.24 and a beta of 0.77.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings data on Monday, March 9th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Global Business Travel Group had a net margin of 4.01% and a return on equity of 6.20%. The firm had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.48 million. On average, analysts forecast that Global Business Travel Group will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Global Business Travel Group from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Thursday, March 12th. Morgan Stanley decreased their price objective on Global Business Travel Group from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Monday, March 9th. Evercore raised their price objective on Global Business Travel Group from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, December 1st. Wall Street Zen downgraded Global Business Travel Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Finally, UBS Group reduced their target price on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Global Business Travel Group has a consensus rating of "Moderate Buy" and a consensus target price of $9.40.

About Global Business Travel Group

Global Business Travel Group NYSE: GBTG, formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.

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