38,456 Shares in Global Business Travel Group, Inc. (NYSE:GBTG) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,456 shares of the company's stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors have also modified their holdings of GBTG. Wulff Hansen & CO. raised its holdings in shares of Global Business Travel Group by 7.7% in the 4th quarter. Wulff Hansen & CO. now owns 23,126 shares of the company's stock valued at $215,000 after buying an additional 1,651 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Global Business Travel Group by 17.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,578 shares of the company's stock worth $126,000 after purchasing an additional 1,976 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Global Business Travel Group by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 101,127 shares of the company's stock valued at $778,000 after purchasing an additional 2,182 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Global Business Travel Group by 390.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock valued at $26,000 after purchasing an additional 2,199 shares in the last quarter. Finally, Mariner LLC increased its stake in Global Business Travel Group by 11.6% during the 4th quarter. Mariner LLC now owns 22,077 shares of the company's stock worth $205,000 after buying an additional 2,302 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GBTG has been the topic of a number of recent research reports. BTIG Research started coverage on Global Business Travel Group in a research report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price objective on the stock. UBS Group lowered their price objective on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Global Business Travel Group presently has an average rating of "Moderate Buy" and an average price target of $9.70.

Global Business Travel Group Stock Down 3.6 %

Shares of NYSE:GBTG traded down $0.22 on Wednesday, hitting $5.95. 1,440,239 shares of the company's stock were exchanged, compared to its average volume of 858,899. Global Business Travel Group, Inc. has a 1-year low of $5.30 and a 1-year high of $9.60. The company has a market capitalization of $2.85 billion, a PE ratio of -16.53 and a beta of 0.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. The firm's 50-day moving average is $7.15 and its 200 day moving average is $8.25.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $632.63 million. Sell-side analysts predict that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Global Business Travel Group 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.