Lazard Asset Management LLC increased its position in Global Business Travel Group, Inc. (NYSE:GBTG – Free Report) by 439.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 545,145 shares of the company’s stock after purchasing an additional 444,003 shares during the quarter. Lazard Asset Management LLC’s holdings in Global Business Travel Group were worth $3,042,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of GBTG. Landscape Capital Management L.L.C. grew its holdings in Global Business Travel Group by 17.1% during the fourth quarter. Landscape Capital Management L.L.C. now owns 14,567 shares of the company’s stock worth $111,000 after purchasing an additional 2,125 shares during the period. California State Teachers Retirement System increased its position in Global Business Travel Group by 2.5% during the fourth quarter. California State Teachers Retirement System now owns 88,896 shares of the company’s stock worth $680,000 after buying an additional 2,143 shares during the last quarter. State of Wyoming raised its stake in Global Business Travel Group by 6.5% in the second quarter. State of Wyoming now owns 40,964 shares of the company’s stock valued at $258,000 after buying an additional 2,504 shares during the period. Russell Investments Group Ltd. raised its stake in Global Business Travel Group by 28.2% in the fourth quarter. Russell Investments Group Ltd. now owns 11,573 shares of the company’s stock valued at $89,000 after buying an additional 2,549 shares during the period. Finally, Xponance LLC lifted its position in shares of Global Business Travel Group by 29.2% in the fourth quarter. Xponance LLC now owns 13,416 shares of the company’s stock valued at $103,000 after buying an additional 3,032 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Global Business Travel Group
In other Global Business Travel Group news, CFO Karen A. Williams sold 10,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $9.35, for a total value of $93,500.00. Following the transaction, the chief financial officer directly owned 596,157 shares of the company’s stock, valued at $5,574,067.95. This represents a 1.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Peter Bush sold 17,500 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $9.36, for a total value of $163,800.00. Following the transaction, the director owned 120,526 shares in the company, valued at $1,128,123.36. The trade was a 12.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,572,683 shares of company stock worth $14,704,271. 5.40% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
View Our Latest Stock Report on GBTG
Global Business Travel Group Trading Up 0.1%
Shares of NYSE:GBTG opened at $9.43 on Friday. Global Business Travel Group, Inc. has a 12-month low of $4.95 and a 12-month high of $9.54. The stock has a market cap of $4.91 billion, a PE ratio of 55.44 and a beta of 0.93. The business has a 50 day moving average of $9.39 and a 200-day moving average of $7.50. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.90.
Global Business Travel Group (NYSE:GBTG – Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $840.00 million for the quarter, compared to the consensus estimate of $814.55 million. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.The company’s revenue was up 35.3% compared to the same quarter last year. As a group, equities research analysts forecast that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.
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.
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