Olympiad Research LP Makes New Investment in Global Business Travel Group, Inc. $GBTG

Olympiad Research LP bought a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,270 shares of the company’s stock, valued at approximately $121,000.

A number of other institutional investors and hedge funds have also modified their holdings of GBTG. Quarry LP acquired a new stake in Global Business Travel Group in the 1st quarter valued at about $26,000. Federated Hermes Inc. purchased a new stake in Global Business Travel Group in the first quarter valued at approximately $27,000. Neo Ivy Capital Management acquired a new position in Global Business Travel Group during the first quarter worth approximately $29,000. 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 purchasing an additional 4,561 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of Global Business Travel Group by 311.8% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 11,373 shares of the company’s stock valued at $83,000 after buying an additional 8,611 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GBTG shares. Wall Street Zen lowered Global Business Travel Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. UBS Group raised their target price on Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Zacks Research lowered Global Business Travel Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday. BTIG Research boosted their target price on Global Business Travel Group from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global Business Travel Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Global Business Travel Group currently has a consensus rating of “Hold” and a consensus price target of $9.67.

Global Business Travel Group Trading Up 0.3%

NYSE GBTG opened at $7.20 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 1.23. The stock has a market cap of $3.45 billion, a P/E ratio of 359.75 and a beta of 0.73. The stock has a 50 day simple moving average of $7.96 and a two-hundred day simple moving average of $7.16. Global Business Travel Group, Inc. has a fifty-two week low of $5.78 and a fifty-two week high of $9.60.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly 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 business had revenue of $674.00 million during the quarter, compared to the consensus estimate of $615.39 million. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Global Business Travel Group has set its FY 2025 guidance at EPS. On average, analysts forecast that Global Business Travel Group, Inc. will post -0.17 earnings per share 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.