Lumyna Investments Ltd. recently announced the acquisition of new stake in Global Business Travel Group Inc. (NYSE:GBTG). This fresh investment now brings its stake to 1.83% valued currently at $8.36 million. In addition, Dendur Capital LP raised its holdings by 76973.0 to 1.22 million shares. And Newtyn Management LLC has lifted its position by 110.19% or 0.27 million shares – to 0.52 million shares.
With over 0.19 million Global Business Travel Group Inc. (GBTG) shares trading Monday and a closing price of $6.89 on the day, the dollar volume was approximately $1.31 million. The shares have shown a positive half year performance of 20.67% and its price on 01/23/23 gained nearly 2.23%. Currently, there are 462.20M common shares owned by the public and among those 56.29M shares have been available to trade.
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Insiders at the company have transacted a total of 68 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 68 of these insider trades were purchases, accounting for 30,065,081 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Global Business Travel Group Inc. are ETFMG Travel Tech ETF, Lumyna – MW TOPS UCITS Fund, and Vanguard Total Stock Market Index. ETFMG Travel Tech ETF owns 1.11 million shares of the company’s stock, all valued at over $7.52 million. Vanguard Total Stock Market Index bought 0.54 million shares to bring its total holdings to over 0.54 million shares at a value of $3.68 million. Vanguard Total Stock Market Index now owns shares totaling to 0.80% of the shares outstanding.
Shares of Global Business Travel Group Inc. (NYSE: GBTG) opened at $6.78, up $0.04 from a prior closing price of $6.74. However, the script later moved the day high at 7.25, up 2.23%. The company’s stock has a 5-day price change of 5.03% and 22.16% over the past three months. GBTG shares are trading 2.07% year to date (YTD), with the 12-month market performance down to -30.61% lower. It has a 12-month low price of $4.26 and touched a high of $10.01 over the same period. GBTG has an average intraday trading volume of 163.49K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.29%, 19.33%, and -0.54% respectively.
Institutional ownership of Global Business Travel Group Inc. (NYSE: GBTG) shares accounts for 71.30% of the company’s 462.20M shares outstanding. Mutual fund holders own 63.33%, while other institutional holders and individual stakeholders account for 7.41% and 27.24% respectively.
It has a market capitalization of $3.12B. The earnings-per-share (ttm) stands at -$1.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.12% over the week and 5.57% over the month.
Analysts forecast that Global Business Travel Group Inc. (GBTG) will achieve an EPS of -$0.11 for the current quarter, -$0.09 for the next quarter and $0.24 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.15 while analysts give the company a high EPS estimate of -$0.08. Earnings per share for the fiscal year are expected to increase by 21.80%, and 122.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Global Business Travel Group Inc. (GBTG) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 2 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GBTG, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on December 22, 2022, with the firm’s price target at $8. Citigroup coverage for the Global Business Travel Group Inc. (GBTG) stock in a research note released on December 07, 2022 offered a Neutral rating with a price target of $6.50. Deutsche Bank was of a view on October 03, 2022 that the stock is Buy, while Credit Suisse gave the stock Outperform rating on September 30, 2022, issuing a price target of $9. Morgan Stanley on their part issued Equal-Weight rating on September 14, 2022.
