Global Business Travel Group (NYSE:GBTG) Issues Earnings Results

Key Points

• Global Business Travel Group reported EPS of $0.10, beating consensus by $0.05, and revenue of $840.0 million versus an $815.97 million estimate; the company posted a net margin of 4.01% and a return on equity of 6.20%.
• GBTG stock opened at $5.94 and has a market capitalization of $3.11 billion with a P/E of 25.8, trading in a 52‑week range of $4.95 to $8.64.
• About 82.46% of the shares are owned by institutions, and analyst coverage is mixed—consensus rating "Hold" with an average price target of $8.81 (four Buys, three Holds, one Sell).

Global Business Travel Group (NYSE:GBTG - Get Free Report) posted its earnings results on Monday. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05, FiscalAI reports. Global Business Travel Group had a net margin of 4.01% and a return on equity of 6.20%. The business had revenue of $840.00 million for the quarter, compared to the consensus estimate of $815.97 million.

Global Business Travel Group Stock Up 0.1%

GBTG stock opened at $5.94 on Monday. The firm has a 50 day moving average of $5.62 and a 200 day moving average of $6.76. The stock has a market capitalization of $3.11 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Global Business Travel Group has a 52 week low of $4.95 and a 52 week high of $8.64.

Institutional Trading of Global Business Travel Group

A number of institutional investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. boosted its stake in Global Business Travel Group by 17.1% in the 4th quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company's stock worth $111,000 after purchasing an additional 2,125 shares in the last quarter. California State Teachers Retirement System boosted its stake in Global Business Travel Group by 2.5% in the 4th quarter. California State Teachers Retirement System now owns 88,896 shares of the company's stock worth $680,000 after purchasing an additional 2,143 shares in the last quarter. State of Wyoming boosted its stake in Global Business Travel Group by 6.5% in the 2nd quarter. State of Wyoming now owns 40,964 shares of the company's stock worth $258,000 after purchasing an additional 2,504 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Global Business Travel Group by 28.2% in the 4th quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company's stock worth $89,000 after purchasing an additional 2,549 shares in the last quarter. Finally, Xponance LLC boosted its stake in Global Business Travel Group by 29.2% in the 4th quarter. Xponance LLC now owns 13,416 shares of the company's stock worth $103,000 after purchasing an additional 3,032 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Tuesday, March 10th. Zacks Research upgraded shares of Global Business Travel Group from a "strong sell" rating to a "hold" rating in a report on Friday, January 9th. Wall Street Zen upgraded shares of Global Business Travel Group from a "hold" rating to a "buy" rating in a report on Saturday, April 18th. Bank of America assumed coverage on shares of Global Business Travel Group in a report on Tuesday, April 7th. They issued a "neutral" rating and a $6.50 price target on the stock. Finally, BTIG Research lowered their price target on shares of Global Business Travel Group from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $8.81.

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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