Global Business Travel Group, Inc. (NYSE:GBTG) Holdings Raised by Barclays PLC

Barclays PLC grew its position in Global Business Travel Group, Inc. (NYSE:GBTG) by 362.3% in the third quarter, Holdings Channel.com reports. The fund owned 198,673 shares of the company’s stock after buying an additional 155,696 shares during the period. Barclays PLC’s holdings in Global Business Travel Group were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in GBTG. Amalgamated Bank boosted its position in Global Business Travel Group by 299.1% during the 2nd quarter. Amalgamated Bank now owns 4,342 shares of the company’s stock valued at $29,000 after purchasing an additional 3,254 shares during the period. Verition Fund Management LLC acquired a new position in Global Business Travel Group during the 3rd quarter valued at approximately $98,000. Principal Financial Group Inc. acquired a new position in Global Business Travel Group during the 2nd quarter valued at approximately $108,000. Quadrature Capital Ltd acquired a new position in Global Business Travel Group during the 3rd quarter valued at approximately $137,000. Finally, Entropy Technologies LP acquired a new position in Global Business Travel Group during the 3rd quarter valued at approximately $145,000. 82.46% of the stock is currently owned by institutional investors.

Global Business Travel Group Trading Down 3.4 %

Shares of GBTG stock opened at $8.60 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. Global Business Travel Group, Inc. has a 1 year low of $4.49 and a 1 year high of $9.60. The stock has a fifty day moving average of $9.07 and a two-hundred day moving average of $7.79. The firm has a market capitalization of $4.05 billion, a PE ratio of -23.89 and a beta of 0.72.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). 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 $597.00 million for the quarter, compared to analyst estimates of $611.89 million. During the same quarter last year, the firm posted ($0.02) EPS. As a group, research analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Global Business Travel Group announced that its board has approved a share buyback program on Tuesday, November 5th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group assumed coverage on Global Business Travel Group in a research report on Friday, November 22nd. They set a “buy” rating and a $11.00 price objective for the company. Citigroup boosted their price target on Global Business Travel Group from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Morgan Stanley boosted their price target on Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th.

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.