Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Global Business Travel Group, Inc. (NYSE:GBTG) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 10,306,221 shares, an increase of 25.8% from the December 15th total of 8,194,852 shares. Based on an average trading volume of 1,883,603 shares, the short-interest ratio is presently 5.5 days. Currently, 2.0% of the company’s shares are short sold. Currently, 2.0% of the company’s shares are short sold. Based on an average trading volume of 1,883,603 shares, the short-interest ratio is presently 5.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GBTG. Advantage Alpha Capital Partners LP grew its stake in Global Business Travel Group by 13.0% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 795,691 shares of the company’s stock valued at $5,013,000 after acquiring an additional 91,374 shares during the last quarter. Strs Ohio acquired a new position in shares of Global Business Travel Group in the 1st quarter valued at about $297,000. Ares Management LLC raised its stake in shares of Global Business Travel Group by 21.8% in the 2nd quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock valued at $87,482,000 after acquiring an additional 2,489,506 shares during the period. PB Investment Partners L.P. lifted its stake in shares of Global Business Travel Group by 36.2% during the second quarter. PB Investment Partners L.P. now owns 835,496 shares of the company’s stock worth $5,264,000 after purchasing an additional 222,232 shares in the last quarter. Finally, Neo Ivy Capital Management lifted its position in Global Business Travel Group by 926.2% during the 2nd quarter. Neo Ivy Capital Management now owns 40,800 shares of the company’s stock worth $257,000 after acquiring an additional 36,824 shares in the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GBTG. Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday, December 29th. Morgan Stanley lifted their price objective on shares of Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Evercore ISI increased their price objective on Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Business Travel Group has an average rating of “Hold” and an average target price of $10.25.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG traded down $0.01 during trading on Monday, reaching $7.64. 931,962 shares of the company’s stock traded hands, compared to its average volume of 1,046,726. The firm has a market cap of $4.00 billion, a PE ratio of 382.00 and a beta of 0.73. Global Business Travel Group has a fifty-two week low of $5.78 and a fifty-two week high of $9.07. The company has a 50-day simple moving average of $7.70 and a 200-day simple moving average of $7.64. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.89.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). Global Business Travel Group had a return on equity of 3.52% and a net margin of 0.40%.The company had revenue of $674.00 million for the quarter, compared to analyst estimates of $615.39 million. The business’s revenue was up 12.9% on a year-over-year basis. As a group, analysts predict that Global Business Travel Group will post -0.17 earnings per share for the current year.

Global Business Travel Group Company Profile

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.