Global Business Travel Group (NYSE:GBTG – Get Rating) will be issuing its quarterly earnings data before the market opens on Thursday, March 9th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Global Business Travel Group Stock Up 1.4 %
GBTG stock opened at $7.29 on Thursday. Global Business Travel Group has a 12 month low of $4.26 and a 12 month high of $10.01. The firm has a 50 day simple moving average of $6.94 and a 200 day simple moving average of $6.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.55.
Analyst Ratings Changes
A number of research firms have recently issued reports on GBTG. Citigroup began coverage on shares of Global Business Travel Group in a report on Wednesday, December 7th. They set a “neutral” rating and a $6.50 price target on the stock. Evercore ISI began coverage on shares of Global Business Travel Group in a report on Wednesday, December 21st. They set an “outperform” rating and a $8.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.68.
Insider Buying and Selling at Global Business Travel Group
In related news, CFO Martine Gerow acquired 10,000 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were purchased at an average price of $5.60 per share, for a total transaction of $56,000.00. Following the purchase, the chief financial officer now owns 422,310 shares in the company, valued at $2,364,936. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 12.90% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Prelude Capital Management LLC increased its stake in Global Business Travel Group by 13.4% in the 3rd quarter. Prelude Capital Management LLC now owns 48,645 shares of the company’s stock valued at $275,000 after buying an additional 5,733 shares during the period. Credit Suisse AG bought a new stake in Global Business Travel Group in the second quarter worth approximately $69,000. Virtu Financial LLC bought a new stake in Global Business Travel Group in the second quarter worth approximately $80,000. Geode Capital Management LLC grew its position in Global Business Travel Group by 76.9% in the fourth quarter. Geode Capital Management LLC now owns 176,058 shares of the company’s stock worth $1,188,000 after acquiring an additional 76,542 shares in the last quarter. Finally, BlackRock Inc. bought a new stake in Global Business Travel Group in the third quarter worth approximately $704,000. Institutional investors and hedge funds own 15.91% of the company’s stock.
Global Business Travel Group Company Profile
Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States of America and internationally. The company’s platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers including airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.
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