Intech Investment Management LLC Sells 11,494 Shares of Global Business Travel Group, Inc. $GBTG

Intech Investment Management LLC cut its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,604 shares of the company’s stock after selling 11,494 shares during the period. Intech Investment Management LLC’s holdings in Global Business Travel Group were worth $439,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Global Business Travel Group during the 1st quarter worth $26,000. Federated Hermes Inc. acquired a new position in Global Business Travel Group during the first quarter worth about $27,000. CWM LLC raised its stake in Global Business Travel Group by 262.6% during the second quarter. CWM LLC now owns 6,298 shares of the company’s stock worth $40,000 after acquiring an additional 4,561 shares in the last quarter. Creative Planning bought a new position in shares of Global Business Travel Group in the second quarter worth about $67,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Global Business Travel Group in the 1st quarter valued at approximately $83,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Global Business Travel Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. BTIG Research upped their price target on shares of Global Business Travel Group from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Morgan Stanley increased their price target on Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Global Business Travel Group in a research report on Monday, November 24th. Finally, UBS Group increased their target price on Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.67.

Global Business Travel Group Stock Performance

Shares of Global Business Travel Group stock opened at $7.71 on Friday. 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, Inc. has a twelve month low of $5.78 and a twelve month high of $9.59. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 385.50 and a beta of 0.73. The company’s fifty day moving average is $7.79 and its 200 day moving average is $7.23.

Global Business Travel Group (NYSE:GBTG) last announced its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) 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 the consensus estimate of $615.39 million. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Global Business Travel Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

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.