Dimensional Fund Advisors LP Grows Stake in Global Business Travel Group, Inc. (NYSE:GBTG)

Dimensional Fund Advisors LP increased its stake in Global Business Travel Group, Inc. (NYSE:GBTG) by 595.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,695 shares of the company’s stock after purchasing an additional 98,213 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Global Business Travel Group were worth $757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of Global Business Travel Group in the second quarter worth $108,000. ANTIPODES PARTNERS Ltd purchased a new stake in Global Business Travel Group in the 1st quarter worth $109,000. Victory Capital Management Inc. bought a new stake in Global Business Travel Group during the second quarter valued at about $147,000. Ionic Capital Management LLC lifted its position in shares of Global Business Travel Group by 480.1% in the first quarter. Ionic Capital Management LLC now owns 131,245 shares of the company’s stock valued at $789,000 after acquiring an additional 108,619 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Global Business Travel Group by 419.3% in the second quarter. Rhumbline Advisers now owns 143,883 shares of the company’s stock worth $950,000 after acquiring an additional 116,175 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GBTG shares. Evercore ISI lifted their target price on Global Business Travel Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup lifted their price objective on shares of Global Business Travel Group from $9.00 to $9.50 and gave the company a “buy” rating in a research report on Friday, October 4th.

Global Business Travel Group Trading Up 1.3 %

Shares of Global Business Travel Group stock opened at $7.56 on Monday. Global Business Travel Group, Inc. has a twelve month low of $4.49 and a twelve month high of $7.79. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $7.19 and a 200-day moving average price of $6.59. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of -75.60 and a beta of 0.64.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.11. The business had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $643.97 million. Global Business Travel Group had a negative return on equity of 1.26% and a negative net margin of 1.66%. Equities research analysts anticipate that Global Business Travel Group, Inc. will post -0.08 EPS for the current fiscal year.

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.