American Capital Advisory LLC Increases Stock Position in Global Business Travel Group, Inc. (NYSE:GBTG)

American Capital Advisory LLC lifted its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 54.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,318 shares of the company’s stock after purchasing an additional 40,424 shares during the period. American Capital Advisory LLC’s holdings in Global Business Travel Group were worth $1,061,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Verition Fund Management LLC purchased a new position in Global Business Travel Group in the 3rd quarter valued at about $98,000. Quadrature Capital Ltd acquired a new position in shares of Global Business Travel Group in the third quarter valued at approximately $137,000. Entropy Technologies LP purchased a new position in shares of Global Business Travel Group during the third quarter valued at approximately $145,000. Jag Capital Management LLC purchased a new position in shares of Global Business Travel Group during the third quarter valued at approximately $171,000. Finally, Intech Investment Management LLC acquired a new stake in Global Business Travel Group during the third quarter worth approximately $219,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GBTG has been the subject of several analyst reports. Morgan Stanley boosted their price target on Global Business Travel Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. UBS Group began coverage on Global Business Travel Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $11.00 target price for the company.

Global Business Travel Group Price Performance

GBTG opened at $8.97 on Friday. Global Business Travel Group, Inc. has a 1 year low of $4.49 and a 1 year high of $9.60. The company’s 50 day simple moving average is $9.13 and its 200 day simple moving average is $8.09. The stock has a market capitalization of $4.22 billion, a PE ratio of -24.92 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The company had revenue of $597.00 million during the quarter, compared to analyst estimates of $611.89 million. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. During the same quarter last year, the business earned ($0.02) EPS. As a group, sell-side analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Global Business Travel Group announced that its board has initiated a share buyback plan on Tuesday, November 5th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Global Business Travel Group Company 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.