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

Global Business Travel Group, Inc. (NYSE:GBTG) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 4,171,328 shares, a decrease of 56.1% from the April 30th total of 9,501,323 shares. Based on an average trading volume of 11,488,024 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the shares of the stock are short sold.

Global Business Travel Group Price Performance

NYSE GBTG traded down $0.17 on Friday, hitting $9.35. 2,770,928 shares of the company were exchanged, compared to its average volume of 7,333,721. The firm has a 50 day moving average of $7.10 and a two-hundred day moving average of $6.96. The company has a market cap of $4.87 billion, a P/E ratio of 54.97 and a beta of 0.75. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. Global Business Travel Group has a 1-year low of $4.95 and a 1-year high of $9.54.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. Global Business Travel Group had a net margin of 2.93% and a return on equity of 2.51%. The firm had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $814.55 million. The business’s revenue was up 35.3% compared to the same quarter last year. On average, equities analysts predict that Global Business Travel Group will post 0.18 EPS for the current year.

Analyst Ratings Changes

GBTG has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft set a $8.20 target price on shares of Global Business Travel Group in a research report on Wednesday, March 11th. BTIG Research downgraded shares of Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen cut shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.90.

Institutional Trading of Global Business Travel Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amundi lifted its holdings in Global Business Travel Group by 145.3% during the 1st quarter. Amundi now owns 30,218 shares of the company’s stock worth $169,000 after buying an additional 17,899 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Global Business Travel Group by 43.0% in the 1st quarter. California State Teachers Retirement System now owns 127,138 shares of the company’s stock valued at $709,000 after buying an additional 38,242 shares during the period. Quantinno Capital Management LP increased its stake in shares of Global Business Travel Group by 720.9% in the 1st quarter. Quantinno Capital Management LP now owns 208,118 shares of the company’s stock valued at $1,161,000 after buying an additional 182,765 shares during the period. Monarch Alternative Capital LP raised its position in shares of Global Business Travel Group by 9.3% during the first quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock worth $43,524,000 after acquiring an additional 661,418 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Global Business Travel Group by 439.0% during the first quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock worth $3,042,000 after acquiring an additional 444,003 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Company Profile

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.