74,161 Shares in Global Business Travel Group, Inc. (NYSE:GBTG) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new position in Global Business Travel Group, Inc. (NYSE:GBTG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 74,161 shares of the company’s stock, valued at approximately $489,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new position in shares of Global Business Travel Group during the first quarter valued at about $3,383,000. Rhumbline Advisers raised its stake in shares of Global Business Travel Group by 419.3% during the second quarter. Rhumbline Advisers now owns 143,883 shares of the company’s stock valued at $950,000 after acquiring an additional 116,175 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Global Business Travel Group by 1,116.6% during the second quarter. Bank of New York Mellon Corp now owns 1,007,861 shares of the company’s stock valued at $6,652,000 after acquiring an additional 925,018 shares during the last quarter. Par Capital Management Inc. raised its stake in Global Business Travel Group by 42.1% in the fourth quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock worth $4,966,000 after buying an additional 228,149 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Global Business Travel Group by 431.2% in the second quarter. Renaissance Technologies LLC now owns 105,700 shares of the company’s stock worth $698,000 after buying an additional 85,800 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Global Business Travel Group Stock Down 0.9 %

GBTG stock opened at $7.49 on Thursday. Global Business Travel Group, Inc. has a fifty-two week low of $4.49 and a fifty-two week high of $7.79. The business’s 50-day moving average is $7.12 and its two-hundred day moving average is $6.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -19.21 and a beta of 0.64.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. The business had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $643.97 million. Global Business Travel Group had a negative return on equity of 1.26% and a negative net margin of 1.66%. As a group, analysts forecast that Global Business Travel Group, Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup upped their price target on Global Business Travel Group from $9.00 to $9.50 and gave the stock a “buy” rating in a research note on Friday, October 4th. Evercore ISI upped their price target on Global Business Travel Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

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.