SG Americas Securities LLC Purchases New Shares in Global Business Travel Group, Inc. (NYSE:GBTG)

SG Americas Securities LLC purchased a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 48,459 shares of the company’s stock, valued at approximately $373,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GBTG. Susquehanna Fundamental Investments LLC acquired a new position in shares of Global Business Travel Group during the second quarter worth $143,000. The Manufacturers Life Insurance Company grew its stake in Global Business Travel Group by 70.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,588 shares of the company’s stock worth $360,000 after buying an additional 22,650 shares during the last quarter. Marshall Wace LLP acquired a new position in Global Business Travel Group during the 2nd quarter valued at about $489,000. Amalgamated Bank raised its stake in Global Business Travel Group by 299.1% in the second quarter. Amalgamated Bank now owns 4,342 shares of the company’s stock valued at $29,000 after buying an additional 3,254 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Global Business Travel Group by 431.2% during the 2nd quarter. Renaissance Technologies LLC now owns 105,700 shares of the company’s stock worth $698,000 after purchasing an additional 85,800 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Up 0.2 %

Shares of GBTG stock opened at $7.88 on Friday. Global Business Travel Group, Inc. has a 1-year low of $4.49 and a 1-year high of $7.95. The firm has a market cap of $3.72 billion, a PE ratio of -20.19 and a beta of 0.64. The company has a 50-day moving average of $7.30 and a two-hundred day moving average of $6.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.65.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on GBTG shares. Evercore ISI increased their price objective on shares of 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. Citigroup boosted their target price on shares of Global Business Travel Group from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Friday, October 4th.

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.