Maven Securities LTD Acquires Shares of 271,213 Global Business Travel Group, Inc. $GBTG

Maven Securities LTD bought a new stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 271,213 shares of the company’s stock, valued at approximately $2,547,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Global Business Travel Group during the 3rd quarter valued at about $26,000. Allworth Financial LP grew its holdings in Global Business Travel Group by 683.3% in the second quarter. Allworth Financial LP now owns 3,713 shares of the company’s stock worth $35,000 after purchasing an additional 3,239 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of Global Business Travel Group during the fourth quarter valued at approximately $32,000. Advisory Services Network LLC purchased a new position in shares of Global Business Travel Group during the third quarter valued at approximately $61,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Global Business Travel Group by 1,238.9% during the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock valued at $73,000 after purchasing an additional 8,350 shares during the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Global Business Travel Group in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Global Business Travel Group currently has a consensus rating of “Hold” and a consensus target price of $8.90.

Insider Activity

In related news, insider Eric J. Bock sold 64,780 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $9.46, for a total value of $612,818.80. Following the completion of the transaction, the insider directly owned 699,177 shares in the company, valued at $6,614,214.42. The trade was a 8.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Karen A. Williams sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $9.43, for a total value of $188,600.00. Following the completion of the transaction, the chief financial officer directly owned 548,257 shares in the company, valued at $5,170,063.51. This trade represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,567,675 shares of company stock worth $14,723,450. Corporate insiders own 5.40% of the company’s stock.

Global Business Travel Group Stock Performance

Shares of Global Business Travel Group stock opened at $9.48 on Wednesday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 55.79 and a beta of 0.93. The firm’s 50-day moving average is $9.44 and its 200 day moving average is $8.05. Global Business Travel Group, Inc. has a 1 year low of $4.95 and a 1 year high of $9.56. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $810.60 million. Global Business Travel Group had a net margin of 2.77% and a return on equity of 2.47%. The business’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share.

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.