Occudo Quantitative Strategies LP Invests $153,000 in Global Business Travel Group, Inc. (NYSE:GBTG)

Occudo Quantitative Strategies LP purchased a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 16,439 shares of the company’s stock, valued at approximately $153,000.

A number of other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Global Business Travel Group by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 101,127 shares of the company’s stock worth $778,000 after purchasing an additional 2,182 shares in the last quarter. SG Americas Securities LLC increased its holdings in Global Business Travel Group by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 56,807 shares of the company’s stock worth $527,000 after purchasing an additional 8,348 shares in the last quarter. PB Investment Partners L.P. increased its holdings in Global Business Travel Group by 0.6% in the 4th quarter. PB Investment Partners L.P. now owns 613,264 shares of the company’s stock worth $5,691,000 after purchasing an additional 3,405 shares in the last quarter. E. Ohman J or Asset Management AB acquired a new position in Global Business Travel Group in the 4th quarter worth about $2,233,000. Finally, Golden State Wealth Management LLC acquired a new position in Global Business Travel Group in the 4th quarter worth about $2,263,000. Institutional investors and hedge funds own 82.46% of the company’s stock.

Wall Street Analysts Forecast Growth

GBTG has been the subject of a number of recent research reports. BTIG Research initiated coverage on Global Business Travel Group in a report on Tuesday, March 18th. They issued a “buy” rating and a $10.00 target price for the company. UBS Group decreased their price target on Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Global Business Travel Group has an average rating of “Moderate Buy” and an average target price of $9.70.

Global Business Travel Group Trading Up 0.6%

Shares of GBTG stock opened at $6.11 on Friday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -16.96 and a beta of 0.78. The stock has a 50-day moving average of $6.83 and a 200-day moving average of $8.17. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. Global Business Travel Group, Inc. has a 1-year low of $5.73 and a 1-year high of $9.60.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. The company had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $632.63 million. On average, equities research analysts forecast that Global Business Travel Group, Inc. will post -0.17 earnings per share for the current 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.