Tidal Investments LLC Trims Stock Holdings in Global Business Travel Group, Inc. (NYSE:GBTG)

Tidal Investments LLC cut its position in Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 27.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,092 shares of the company's stock after selling 127,470 shares during the quarter. Tidal Investments LLC owned about 0.07% of Global Business Travel Group worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Global Business Travel Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 971,900 shares of the company's stock worth $5,841,000 after purchasing an additional 10,446 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Global Business Travel Group by 1,116.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,007,861 shares of the company's stock worth $6,652,000 after buying an additional 925,018 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Global Business Travel Group in the 2nd quarter worth $108,000. Rhumbline Advisers raised its position in shares of Global Business Travel Group by 419.3% during the 2nd quarter. Rhumbline Advisers now owns 143,883 shares of the company's stock valued at $950,000 after buying an additional 116,175 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Global Business Travel Group during the 2nd quarter worth $147,000. 82.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup increased their target price 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. UBS Group began coverage on Global Business Travel Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $11.00 target price for the company. Finally, Morgan Stanley increased their price target on shares of Global Business Travel Group from $7.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday.

Global Business Travel Group Trading Down 0.2 %

GBTG traded down $0.02 on Monday, hitting $8.98. 1,353,798 shares of the company were exchanged, compared to its average volume of 644,692. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a fifty day simple moving average of $8.46 and a two-hundred day simple moving average of $7.40. The stock has a market capitalization of $4.23 billion, a PE ratio of -25.00 and a beta of 0.73. Global Business Travel Group, Inc. has a 12 month low of $4.49 and a 12 month high of $9.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its earnings results 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). The firm 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 return on equity of 9.70% and a negative net margin of 7.06%. During the same quarter in the prior year, the business posted ($0.02) EPS. Sell-side analysts expect 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 repurchase plan on Tuesday, November 5th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.

Global Business Travel Group 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.