Barclays PLC Has $1.53 Million Stock Position in Global Business Travel Group, Inc. (NYSE:GBTG)

Barclays PLC lifted its stake in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 362.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,673 shares of the company's stock after acquiring an additional 155,696 shares during the period. Barclays PLC's holdings in Global Business Travel Group were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Amalgamated Bank lifted its holdings in Global Business Travel Group by 299.1% in the 2nd quarter. Amalgamated Bank now owns 4,342 shares of the company's stock valued at $29,000 after acquiring an additional 3,254 shares during the last quarter. Verition Fund Management LLC bought a new stake in Global Business Travel Group during the third quarter worth approximately $98,000. Principal Financial Group Inc. bought a new stake in Global Business Travel Group during the second quarter worth approximately $108,000. Quadrature Capital Ltd acquired a new position in Global Business Travel Group in the third quarter worth approximately $137,000. Finally, Entropy Technologies LP bought a new position in shares of Global Business Travel Group in the third quarter valued at $145,000. 82.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GBTG has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on 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. Citigroup lifted their price target on 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. Finally, UBS Group assumed coverage on Global Business Travel Group in a report on Friday, November 22nd. They set a "buy" rating and a $11.00 price objective on the stock.

Global Business Travel Group Stock Up 2.7 %

NYSE:GBTG traded up $0.23 during trading hours on Monday, hitting $8.82. 573,040 shares of the stock traded hands, compared to its average volume of 606,491. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -24.50 and a beta of 0.72. The firm has a 50 day moving average price of $9.07 and a 200 day moving average price of $7.79. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. Global Business Travel Group, Inc. has a fifty-two week low of $4.49 and a fifty-two week high of $9.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.14). Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. The business had revenue of $597.00 million during the quarter, compared to analysts' expectations of $611.89 million. During the same period in the prior year, the company posted ($0.02) earnings per share. Equities research analysts anticipate that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current year.

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

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.