Global Business Travel Group (NYSE:GBTG) Sees Unusually-High Trading Volume

Global Business Travel Group, Inc. (NYSE:GBTG) shares saw unusually-high trading volume on Monday . Approximately 404,596 shares traded hands during trading, an increase of 123% from the previous session’s volume of 181,784 shares.The stock last traded at $6.22 and had previously closed at $6.17.

Global Business Travel Group Stock Down 0.5 %

The firm has a market cap of $2.80 billion, a P/E ratio of -14.46 and a beta of 0.61. The business’s fifty day moving average price is $5.88 and its two-hundred day moving average price is $5.87. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.12.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Tuesday, March 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $549.00 million for the quarter, compared to the consensus estimate of $540.21 million. Global Business Travel Group had a negative net margin of 2.71% and a negative return on equity of 4.81%. As a group, equities research analysts anticipate that Global Business Travel Group, Inc. will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in shares of Global Business Travel Group by 10.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 95,671 shares of the company’s stock worth $526,000 after acquiring an additional 9,197 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Global Business Travel Group in the third quarter valued at $157,000. Ballast Asset Management LP bought a new position in Global Business Travel Group in the third quarter worth $1,259,000. Dendur Capital LP boosted its stake in Global Business Travel Group by 20.1% during the third quarter. Dendur Capital LP now owns 2,450,000 shares of the company’s stock worth $13,475,000 after buying an additional 410,114 shares in the last quarter. Finally, Carronade Capital Management LP boosted its stake in Global Business Travel Group by 5.4% during the third quarter. Carronade Capital Management LP now owns 3,473,562 shares of the company’s stock worth $19,105,000 after buying an additional 176,404 shares in the last quarter. 82.46% of the stock is owned by institutional investors.

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.