SG Americas Securities LLC Has $527,000 Stock Position in Global Business Travel Group, Inc. (NYSE:GBTG)

SG Americas Securities LLC raised its holdings in Global Business Travel Group, Inc. (NYSE:GBTG) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,807 shares of the company’s stock after purchasing an additional 8,348 shares during the quarter. SG Americas Securities LLC’s holdings in Global Business Travel Group were worth $527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Global Business Travel Group by 19.8% in the third quarter. Geode Capital Management LLC now owns 2,339,395 shares of the company’s stock valued at $17,993,000 after buying an additional 386,636 shares in the last quarter. State Street Corp boosted its stake in shares of Global Business Travel Group by 21.7% in the 3rd quarter. State Street Corp now owns 1,946,990 shares of the company’s stock valued at $14,972,000 after purchasing an additional 346,540 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $6,202,000 after purchasing an additional 237,682 shares during the last quarter. Advantage Alpha Capital Partners LP acquired a new position in Global Business Travel Group during the 3rd quarter worth approximately $2,077,000. Finally, Barclays PLC lifted its stake in Global Business Travel Group by 362.3% in the 3rd quarter. Barclays PLC now owns 198,673 shares of the company’s stock valued at $1,528,000 after purchasing an additional 155,696 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Stock Down 2.1 %

Shares of NYSE:GBTG opened at $8.81 on Friday. The firm has a market cap of $4.15 billion, a P/E ratio of -24.47 and a beta of 0.72. Global Business Travel Group, Inc. has a 12-month low of $4.49 and a 12-month high of $9.60. The business has a fifty day simple moving average of $9.17 and a 200 day simple moving average of $8.01. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Tuesday, November 5th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.14). The company had revenue of $597.00 million during the quarter, compared to the consensus estimate of $611.89 million. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. During the same quarter in the previous year, the company earned ($0.02) earnings per share. Analysts predict that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current year.

Global Business Travel Group announced that its Board of Directors has authorized a share buyback program on Tuesday, November 5th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to purchase up to 8.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GBTG. Citigroup boosted their target price on shares of 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. Morgan Stanley boosted their price objective 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. Finally, UBS Group started coverage on Global Business Travel Group in a research note on Friday, November 22nd. They set a “buy” rating and a $11.00 price target on the stock.

About Global Business Travel Group

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.