Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 7,190,000 shares, a drop of 6.4% from the October 15th total of 7,680,000 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is currently 7.1 days. Currently, 4.1% of the shares of the stock are short sold.

Institutional Trading of Global Business Travel Group

Several large investors have recently added to or reduced their stakes in GBTG. Tidal Investments LLC bought a new stake in shares of Global Business Travel Group during the first quarter valued at approximately $3,383,000. Rhumbline Advisers raised its position 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 acquiring an additional 116,175 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Global Business Travel Group by 1,116.6% in the second quarter. Bank of New York Mellon Corp now owns 1,007,861 shares of the company's stock worth $6,652,000 after purchasing an additional 925,018 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Global Business Travel Group by 431.2% during the second quarter. Renaissance Technologies LLC now owns 105,700 shares of the company's stock worth $698,000 after purchasing an additional 85,800 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Global Business Travel Group during the second quarter worth about $489,000. 82.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GBTG has been the subject of several recent research reports. Citigroup upped their price objective on Global Business Travel Group from $9.00 to $9.50 and gave the company a "buy" rating in a research note on Friday, October 4th. Evercore ISI increased their price target on Global Business Travel Group from $9.00 to $10.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th.

Global Business Travel Group Price Performance

GBTG traded down $0.01 during trading on Monday, reaching $8.88. 583,456 shares of the company were exchanged, compared to its average volume of 630,693. The company has a market cap of $4.20 billion, a price-to-earnings ratio of -24.67 and a beta of 0.63. Global Business Travel Group has a 12-month low of $4.49 and a 12-month high of $9.05. The company's 50-day moving average is $7.72 and its two-hundred day moving average is $6.94. 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 - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.14). The business had revenue of $597.00 million during the quarter, compared to analysts' expectations of $611.89 million. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. During the same quarter in the previous year, the business earned ($0.02) EPS. Research analysts forecast that Global Business Travel Group will post -0.17 earnings per share for the current fiscal year.

Global Business Travel Group announced that its board has initiated a share buyback plan on Tuesday, November 5th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to repurchase up to 8.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

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.