Global Business Travel Group, Inc. (NYSE:GBTG) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,176,197 shares of the company's stock after buying an additional 58,189 shares during the period. Northern Trust Corp owned about 0.25% of Global Business Travel Group worth $10,915,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GBTG. Susquehanna Fundamental Investments LLC acquired a new position in shares of Global Business Travel Group during the 4th quarter worth approximately $357,000. Price T Rowe Associates Inc. MD increased its holdings in Global Business Travel Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 49,353 shares of the company's stock valued at $458,000 after purchasing an additional 8,214 shares in the last quarter. ClearAlpha Technologies LP purchased a new position in Global Business Travel Group in the fourth quarter valued at about $136,000. Tower Research Capital LLC TRC boosted its position in shares of Global Business Travel Group by 113.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company's stock worth $67,000 after buying an additional 3,816 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Global Business Travel Group by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 77,648 shares of the company's stock worth $721,000 after acquiring an additional 4,154 shares in the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Global Business Travel Group Stock Performance

Shares of GBTG stock traded up $0.03 on Tuesday, hitting $6.10. 1,091,206 shares of the stock traded hands, compared to its average volume of 878,498. The company's fifty day moving average is $6.80 and its 200 day moving average is $8.16. Global Business Travel Group, Inc. has a 1-year low of $5.73 and a 1-year high of $9.60. The company has a market capitalization of $2.92 billion, a PE ratio of -16.94 and a beta of 0.78. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.63 million. On average, 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

A number of research analysts have recently commented on GBTG shares. BTIG Research initiated coverage on shares of Global Business Travel Group in a research report on Tuesday, March 18th. They set a "buy" rating and a $10.00 target price on the stock. UBS Group cut their price objective 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 Wednesday, May 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Global Business Travel Group currently has a consensus rating of "Moderate Buy" and an average price target of $9.70.

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.