Global Business Travel Group (NYSE:GBTG) Announces Earnings Results, Beats Expectations By $0.05 EPS

Global Business Travel Group (NYSE:GBTG) released its earnings results on Monday. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05, FiscalAI reports. The company had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $815.97 million. Global Business Travel Group had a net margin of 4.01% and a return on equity of 6.20%.

Global Business Travel Group Stock Performance

GBTG opened at $5.94 on Monday. Global Business Travel Group has a 12-month low of $4.95 and a 12-month high of $8.64. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $3.11 billion, a PE ratio of 25.80, a P/E/G ratio of 1.15 and a beta of 0.75. The firm has a 50 day moving average of $5.62 and a two-hundred day moving average of $6.76.

Hedge Funds Weigh In On Global Business Travel Group

A number of institutional investors have recently bought and sold shares of GBTG. AQR Capital Management LLC increased its holdings in shares of Global Business Travel Group by 169.9% during the 1st quarter. AQR Capital Management LLC now owns 64,060 shares of the company’s stock valued at $465,000 after purchasing an additional 40,328 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Global Business Travel Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after purchasing an additional 3,238 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Global Business Travel Group by 66.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock valued at $5,347,000 after purchasing an additional 294,527 shares in the last quarter. Creative Planning purchased a new position in shares of Global Business Travel Group during the 2nd quarter valued at approximately $67,000. Finally, Legal & General Group Plc increased its holdings in shares of Global Business Travel Group by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 112,365 shares of the company’s stock valued at $708,000 after purchasing an additional 4,308 shares in the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on GBTG shares. Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Weiss Ratings lowered shares of Global Business Travel Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $8.20 price target on shares of Global Business Travel Group in a research report on Wednesday, March 11th. UBS Group reduced their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Citigroup reduced their price target on shares of Global Business Travel Group from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.81.

About Global Business Travel Group

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.