ANTIPODES PARTNERS Ltd Acquires 16,643 Shares of Global Business Travel Group, Inc. $GBTG

ANTIPODES PARTNERS Ltd grew its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 107.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,085 shares of the company’s stock after acquiring an additional 16,643 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Global Business Travel Group were worth $202,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GBTG. Nuveen LLC acquired a new stake in Global Business Travel Group during the first quarter worth approximately $2,651,000. Advantage Alpha Capital Partners LP lifted its position in Global Business Travel Group by 99.0% during the first quarter. Advantage Alpha Capital Partners LP now owns 704,317 shares of the company’s stock worth $5,113,000 after acquiring an additional 350,350 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Global Business Travel Group by 66.6% during the first quarter. Goldman Sachs Group Inc. now owns 736,472 shares of the company’s stock worth $5,347,000 after acquiring an additional 294,527 shares during the last quarter. Emmett Investment Management LP lifted its position in Global Business Travel Group by 116.3% during the first quarter. Emmett Investment Management LP now owns 500,178 shares of the company’s stock worth $3,676,000 after acquiring an additional 268,967 shares during the last quarter. Finally, Wealthspire Advisors LLC acquired a new stake in Global Business Travel Group during the first quarter worth approximately $1,877,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GBTG. UBS Group raised their price objective on shares of Global Business Travel Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Global Business Travel Group in a research report on Wednesday, October 8th. BTIG Research lifted their price target on shares of Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Global Business Travel Group currently has an average rating of “Hold” and an average target price of $10.00.

Global Business Travel Group Stock Down 0.3%

Shares of GBTG opened at $7.88 on Friday. Global Business Travel Group, Inc. has a one year low of $5.78 and a one year high of $9.60. The company has a market cap of $3.77 billion, a P/E ratio of -60.58 and a beta of 0.74. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a 50 day simple moving average of $8.07 and a two-hundred day simple moving average of $7.10.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. The business had revenue of $631.00 million during the quarter, compared to the consensus estimate of $624.12 million. Global Business Travel Group has set its FY 2025 guidance at EPS. Research analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

About Global Business Travel Group

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.