Global Business Travel Group (NYSE:GBTG) Posts Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Global Business Travel Group reported a quarterly EPS of $0.03, beating analysts' estimates of $0.02 by $0.01.
• The company's shares increased to $6.52, with a market capitalization of $3.12 billion and a consensus rating of "Moderate Buy."
• Several institutional investors have recently increased their holdings in the company, with 82.46% of the stock now owned by such investors.

Global Business Travel Group (NYSE:GBTG - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01, Zacks reports. 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 for the quarter, compared to analysts' expectations of $624.12 million. Global Business Travel Group updated its FY 2025 guidance to EPS.

Global Business Travel Group Trading Up 3.8%

GBTG stock traded up $0.28 during midday trading on Friday, reaching $7.53. The company's stock had a trading volume of 1,543,647 shares, compared to its average volume of 931,768. Global Business Travel Group has a 52 week low of $5.78 and a 52 week high of $9.60. The stock has a market cap of $3.60 billion, a PE ratio of -57.88 and a beta of 0.73. The company has a quick ratio of 1.60, a current ratio of 1.66 and a debt-to-equity ratio of 1.13. The business's 50-day simple moving average is $6.45 and its 200-day simple moving average is $7.08.

Analyst Ratings Changes

Several analysts have recently commented on GBTG shares. UBS Group increased 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. Wall Street Zen cut shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.88.

Hedge Funds Weigh In On Global Business Travel Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Global Business Travel Group by 66.6% in the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company's stock worth $5,347,000 after purchasing an additional 294,527 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Global Business Travel Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company's stock worth $541,000 after purchasing an additional 3,238 shares during the period. AQR Capital Management LLC raised its holdings in Global Business Travel Group by 169.9% in the first quarter. AQR Capital Management LLC now owns 64,060 shares of the company's stock worth $465,000 after purchasing an additional 40,328 shares during the period. Finally, Creative Planning acquired a new stake in Global Business Travel Group in the second quarter worth $67,000. 82.46% of the stock is owned by institutional investors.

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.