PB Investment Partners L.P. Purchases 3,405 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

PB Investment Partners L.P. grew its holdings in Global Business Travel Group, Inc. (NYSE:GBTG) by 0.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 613,264 shares of the company’s stock after purchasing an additional 3,405 shares during the period. Global Business Travel Group comprises approximately 4.3% of PB Investment Partners L.P.’s investment portfolio, making the stock its 7th largest position. PB Investment Partners L.P.’s holdings in Global Business Travel Group were worth $5,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GBTG. Geode Capital Management LLC raised its position in Global Business Travel Group by 19.8% during the third quarter. Geode Capital Management LLC now owns 2,339,395 shares of the company’s stock valued at $17,993,000 after buying an additional 386,636 shares during the period. State Street Corp increased its holdings in shares of Global Business Travel Group by 21.7% in the 3rd quarter. State Street Corp now owns 1,946,990 shares of the company’s stock valued at $14,972,000 after purchasing an additional 346,540 shares during the period. Advantage Alpha Capital Partners LP acquired a new position in shares of Global Business Travel Group in the 3rd quarter valued at about $2,077,000. Charles Schwab Investment Management Inc. lifted its position in shares of Global Business Travel Group by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 806,519 shares of the company’s stock worth $6,202,000 after purchasing an additional 237,682 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Global Business Travel Group by 362.3% during the third quarter. Barclays PLC now owns 198,673 shares of the company’s stock worth $1,528,000 after purchasing an additional 155,696 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GBTG shares. Morgan Stanley increased their target price on shares of Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Citigroup increased their price objective on Global Business Travel Group from $9.00 to $9.50 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, UBS Group began coverage on Global Business Travel Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $11.00 target price on the stock.

Global Business Travel Group Stock Performance

GBTG stock opened at $8.96 on Friday. The firm has a 50 day moving average of $9.18 and a two-hundred day moving average of $7.95. Global Business Travel Group, Inc. has a 12 month low of $4.49 and a 12 month high of $9.60. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -24.88 and a beta of 0.72. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. The business had revenue of $597.00 million during the quarter, compared to the consensus estimate of $611.89 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. As a group, equities analysts anticipate that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Global Business Travel Group announced that its board has authorized a stock buyback program on Tuesday, November 5th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to purchase up to 8.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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.