Northern Trust Corp Grows Stock Position in Global Business Travel Group, Inc. (NYSE:GBTG)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of GBTG. JPMorgan Chase & Co. grew its holdings in Global Business Travel Group by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 101,127 shares of the company's stock worth $778,000 after acquiring an additional 2,182 shares during the period. SG Americas Securities LLC grew its holdings in Global Business Travel Group by 17.2% in the fourth quarter. SG Americas Securities LLC now owns 56,807 shares of the company's stock valued at $527,000 after purchasing an additional 8,348 shares during the last quarter. PB Investment Partners L.P. grew its holdings in Global Business Travel Group by 0.6% in the fourth quarter. PB Investment Partners L.P. now owns 613,264 shares of the company's stock valued at $5,691,000 after purchasing an additional 3,405 shares during the last quarter. E. Ohman J or Asset Management AB acquired a new stake in Global Business Travel Group in the fourth quarter valued at $2,233,000. Finally, Golden State Wealth Management LLC acquired a new stake in Global Business Travel Group in the fourth quarter valued at $2,263,000. Institutional investors and hedge funds own 82.46% of the company's stock.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG traded up $0.02 on Thursday, hitting $6.09. The company had a trading volume of 1,361,397 shares, compared to its average volume of 888,728. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. Global Business Travel Group, Inc. has a 52-week low of $5.73 and a 52-week high of $9.60. The business has a 50 day moving average of $6.73 and a 200 day moving average of $8.12. The company has a market cap of $2.91 billion, a PE ratio of -16.90 and a beta of 0.78.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) 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%. The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $632.63 million. As a group, equities analysts anticipate that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group lowered their target price on 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. BTIG Research assumed coverage on Global Business Travel Group in a report on Tuesday, March 18th. They issued a "buy" rating and a $10.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company 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.