Global Business Travel Group (NYSE:GBTG) Stock Price Up 1.4%

Global Business Travel Group, Inc. (NYSE:GBTG) rose 1.4% during mid-day trading on Wednesday . The company traded as high as $5.99 and last traded at $5.96. Approximately 161,011 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 149,338 shares. The stock had previously closed at $5.88.

Global Business Travel Group Trading Up 1.5 %

The stock’s 50 day moving average price is $5.86 and its 200-day moving average price is $5.80. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.84 billion, a PE ratio of -14.59 and a beta of 0.63.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Tuesday, March 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $549.00 million for the quarter, compared to analysts’ expectations of $540.21 million. Global Business Travel Group had a negative net margin of 2.71% and a negative return on equity of 4.81%. On average, sell-side analysts expect that Global Business Travel Group, Inc. will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Express Co purchased a new position in Global Business Travel Group during the 4th quarter valued at about $1,017,721,000. Apollo Management Holdings L.P. purchased a new position in shares of Global Business Travel Group in the 1st quarter worth approximately $170,437,000. BlackRock Inc. grew its position in shares of Global Business Travel Group by 1,169.4% in the 2nd quarter. BlackRock Inc. now owns 1,564,661 shares of the company’s stock worth $11,312,000 after buying an additional 1,441,400 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Global Business Travel Group in the 1st quarter worth approximately $6,173,000. Finally, State Street Corp grew its position in shares of Global Business Travel Group by 614.7% in the 2nd quarter. State Street Corp now owns 481,121 shares of the company’s stock worth $3,479,000 after buying an additional 413,802 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

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.