Quantinno Capital Management LP Buys 182,765 Shares of Global Business Travel Group, Inc. $GBTG

Quantinno Capital Management LP raised its position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 720.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,118 shares of the company’s stock after acquiring an additional 182,765 shares during the period. Quantinno Capital Management LP’s holdings in Global Business Travel Group were worth $1,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Attestor Capital Ltd bought a new stake in shares of Global Business Travel Group in the 4th quarter worth about $67,917,000. Lazard Asset Management LLC grew its holdings in Global Business Travel Group by 439.0% during the 1st quarter. Lazard Asset Management LLC now owns 545,145 shares of the company’s stock valued at $3,042,000 after purchasing an additional 444,003 shares during the last quarter. Monarch Alternative Capital LP raised its position in Global Business Travel Group by 9.3% in the 1st quarter. Monarch Alternative Capital LP now owns 7,800,000 shares of the company’s stock worth $43,524,000 after purchasing an additional 661,418 shares during the period. Sei Investments Co. raised its position in Global Business Travel Group by 90.3% in the 1st quarter. Sei Investments Co. now owns 343,833 shares of the company’s stock worth $1,919,000 after purchasing an additional 163,173 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Global Business Travel Group by 28.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,255,603 shares of the company’s stock worth $23,741,000 after purchasing an additional 936,989 shares during the period. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Down 0.1%

GBTG opened at $9.46 on Friday. The stock’s fifty day moving average is $9.40 and its two-hundred day moving average is $7.62. The company has a market capitalization of $4.94 billion, a P/E ratio of 55.62 and a beta of 0.93. Global Business Travel Group, Inc. has a 52 week low of $4.95 and a 52 week high of $9.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $810.60 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The business’s revenue was up 37.9% compared to the same quarter last year. Analysts forecast that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on GBTG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday. Wall Street Zen downgraded Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Evercore lowered Global Business Travel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Lake Street Capital set a $9.50 price objective on Global Business Travel Group in a report on Monday, May 4th. Finally, BTIG Research cut Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.90.

Insider Buying and Selling at Global Business Travel Group

In other news, insider Eric J. Bock sold 125,030 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $9.36, for a total value of $1,170,280.80. Following the completion of the sale, the insider owned 871,342 shares of the company’s stock, valued at approximately $8,155,761.12. This represents a 12.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Evan Konwiser sold 356,222 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $9.34, for a total transaction of $3,327,113.48. Following the transaction, the insider owned 502,641 shares in the company, valued at approximately $4,694,666.94. This represents a 41.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,275,345 shares of company stock worth $21,330,374. 5.40% of the stock is currently owned by company insiders.

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.