Jane Street Group LLC Purchases 26,269 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Jane Street Group LLC increased its position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 54.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,886 shares of the company’s stock after acquiring an additional 26,269 shares during the period. Jane Street Group LLC’s holdings in Global Business Travel Group were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in Global Business Travel Group by 21.7% during the 3rd quarter. State Street Corp now owns 1,946,990 shares of the company’s stock worth $14,972,000 after acquiring an additional 346,540 shares during the period. Bank of New York Mellon Corp increased its holdings in Global Business Travel Group by 1,116.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,007,861 shares of the company’s stock worth $6,652,000 after acquiring an additional 925,018 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Global Business Travel Group by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 806,519 shares of the company’s stock worth $6,202,000 after acquiring an additional 237,682 shares during the period. Advantage Alpha Capital Partners LP bought a new stake in Global Business Travel Group during the 3rd quarter worth approximately $2,077,000. Finally, Rhumbline Advisers increased its holdings in shares of Global Business Travel Group by 419.3% in the 2nd quarter. Rhumbline Advisers now owns 143,883 shares of the company’s stock worth $950,000 after buying an additional 116,175 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

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

Global Business Travel Group Price Performance

Shares of Global Business Travel Group stock opened at $9.09 on Friday. Global Business Travel Group, Inc. has a 52-week low of $4.49 and a 52-week high of $9.60. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -25.25 and a beta of 0.73. The company has a fifty day moving average of $8.96 and a 200-day moving average of $7.69. 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 (NYSE:GBTG) last announced its quarterly earnings data 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 net margin of 7.06% and a negative return on equity of 9.70%. The business had revenue of $597.00 million during the quarter, compared to analysts’ expectations of $611.89 million. During the same period last year, the company posted ($0.02) EPS. Equities 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 of Directors has authorized a stock buyback plan on Tuesday, November 5th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to buy up to 8.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.