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

Global Business Travel Group, Inc. (NYSE:GBTG)’s stock price rose 1.4% during trading on Wednesday . The stock traded as high as $5.99 and last traded at $5.96. Approximately 161,011 shares traded 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 Price Performance

The company has a market cap of $2.84 billion, a price-to-earnings ratio of -14.59 and a beta of 0.63. 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 company’s fifty day moving average price is $5.86 and its two-hundred day moving average price is $5.80.

Global Business Travel Group (NYSE:GBTG) last released its quarterly 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 during the quarter, compared to analyst estimates 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, equities research analysts forecast that Global Business Travel Group, Inc. will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GBTG. JPMorgan Chase & Co. acquired a new position in Global Business Travel Group during the second quarter worth $882,000. Credit Suisse AG acquired a new position in Global Business Travel Group during the second quarter worth $69,000. Virtu Financial LLC acquired a new stake in Global Business Travel Group in the second quarter valued at $80,000. BlackRock Inc. acquired a new stake in Global Business Travel Group in the third quarter valued at $704,000. Finally, Prelude Capital Management LLC lifted its stake in Global Business Travel Group by 13.4% in the third quarter. Prelude Capital Management LLC now owns 48,645 shares of the company’s stock valued at $275,000 after acquiring an additional 5,733 shares during the last quarter. Institutional investors and hedge funds 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.