Global Business Travel Group (NYSE:GBTG) Trading 1.4% Higher

Global Business Travel Group, Inc. (NYSE:GBTG) traded up 1.4% on Wednesday . The stock traded as high as $5.99 and last traded at $5.96. 161,011 shares were traded during trading, an increase of 8% from the average session volume of 149,338 shares. The stock had previously closed at $5.88.

Global Business Travel Group Stock Up 1.4 %

The company has a 50 day simple moving average of $5.86 and a two-hundred day simple moving average of $5.80. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2.82 billion, a P/E ratio of -14.54 and a beta of 0.63.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Tuesday, March 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Global Business Travel Group had a negative return on equity of 4.81% and a negative net margin of 2.71%. The company had revenue of $549.00 million for the quarter, compared to analysts’ expectations of $540.21 million. As a group, equities analysts predict that Global Business Travel Group, Inc. will post 0.07 EPS for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Express Co purchased a new stake in shares of Global Business Travel Group during the 4th quarter worth about $1,017,721,000. Apollo Management Holdings L.P. acquired a new stake in Global Business Travel Group in the 1st quarter valued at approximately $170,437,000. BlackRock Inc. increased its holdings in Global Business Travel Group by 1,169.4% in the 2nd quarter. BlackRock Inc. now owns 1,564,661 shares of the company’s stock valued at $11,312,000 after purchasing an additional 1,441,400 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in Global Business Travel Group in the 1st quarter valued at approximately $6,173,000. Finally, State Street Corp boosted its position in Global Business Travel Group by 614.7% in the 2nd quarter. State Street Corp now owns 481,121 shares of the company’s stock valued at $3,479,000 after buying an additional 413,802 shares during the period. 82.46% of the stock is owned by institutional investors and hedge funds.

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.