E. Ohman J or Asset Management AB Makes New $2.23 Million Investment in Global Business Travel Group, Inc. (NYSE:GBTG)

E. Ohman J or Asset Management AB purchased a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 240,597 shares of the company's stock, valued at approximately $2,233,000. E. Ohman J or Asset Management AB owned 0.05% of Global Business Travel Group at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings 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 during the last quarter. State Street Corp increased its stake in Global Business Travel Group by 21.7% in the third 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 during the last quarter. Advantage Alpha Capital Partners LP purchased a new stake in Global Business Travel Group in the third quarter valued at $2,077,000. Charles Schwab Investment Management Inc. boosted its position in shares of Global Business Travel Group by 41.8% in 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 period. Finally, Barclays PLC grew its stake in Global Business Travel Group by 362.3% during the 3rd quarter. Barclays PLC now owns 198,673 shares of the company's stock worth $1,528,000 after buying an additional 155,696 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company's stock.

Global Business Travel Group Stock Performance

Shares of GBTG stock traded down $0.01 during midday trading on Friday, hitting $8.97. The company had a trading volume of 459,471 shares, compared to its average volume of 477,403. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of -24.92 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The company's 50 day simple moving average is $9.12 and its 200 day simple moving average is $8.11. Global Business Travel Group, Inc. has a 52-week low of $4.49 and a 52-week high of $9.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.22) earnings per share 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 firm had revenue of $597.00 million during the quarter, compared to analysts' expectations of $611.89 million. During the same quarter last year, the business earned ($0.02) earnings per share. Research analysts anticipate that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current fiscal year.

Global Business Travel Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 5th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 8.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Global Business Travel Group from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. UBS Group began coverage on shares of Global Business Travel Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $11.00 price target for the company.

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.