127,950 Shares in Global Business Travel Group, Inc. (NYSE:GBTG) Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) during the third quarter, HoldingsChannel reports. The fund purchased 127,950 shares of the company’s stock, valued at approximately $984,000.

Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Global Business Travel Group in the 3rd quarter worth about $252,000. Advantage Alpha Capital Partners LP purchased a new position in Global Business Travel Group in the third quarter worth about $2,077,000. The Manufacturers Life Insurance Company increased its stake in Global Business Travel Group by 31.7% during the third quarter. The Manufacturers Life Insurance Company now owns 71,901 shares of the company’s stock worth $553,000 after acquiring an additional 17,313 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Global Business Travel Group by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 806,519 shares of the company’s stock valued at $6,202,000 after purchasing an additional 237,682 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Global Business Travel Group during the third quarter valued at approximately $219,000. Institutional investors own 82.46% of the company’s stock.

Analysts Set New Price Targets

GBTG has been the subject of a number of recent research reports. UBS Group began coverage on Global Business Travel Group in a report on Friday, November 22nd. They issued a “buy” rating and a $11.00 target price for the company. Morgan Stanley lifted their price objective on shares of Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Citigroup increased their target price on shares of Global Business Travel Group from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Friday, October 4th.

Global Business Travel Group Trading Up 0.3 %

GBTG opened at $9.17 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s 50 day moving average price is $8.56 and its 200-day moving average price is $7.46. Global Business Travel Group, Inc. has a one year low of $4.49 and a one year high of $9.60. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -25.47 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. The business had revenue of $597.00 million for the quarter, compared to analysts’ expectations of $611.89 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. On average, equities analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Global Business Travel Group declared that its board has approved a stock buyback program on Tuesday, November 5th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Global Business Travel Group 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.