Global Business Travel Group (NYSE:GBTG) Sees Unusually-High Trading Volume

Global Business Travel Group, Inc. (NYSE:GBTG) saw an uptick in trading volume on Monday . 404,596 shares were traded during trading, an increase of 123% from the previous session’s volume of 181,784 shares.The stock last traded at $6.22 and had previously closed at $6.17.

Global Business Travel Group Stock Performance

The firm has a 50 day moving average of $5.88 and a two-hundred day moving average of $5.87. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $2.80 billion, a PE ratio of -14.46 and a beta of 0.61.

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 firm had revenue of $549.00 million during 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%. Research analysts predict that Global Business Travel Group, Inc. will post 0.07 EPS for the current fiscal year.

Institutional Trading of Global Business Travel Group

A number of hedge funds have recently added to or reduced their stakes in GBTG. American Express Co purchased a new position in Global Business Travel Group in the fourth quarter worth $1,017,721,000. Carronade Capital Management LP lifted its stake in shares of Global Business Travel Group by 5.4% in the third quarter. Carronade Capital Management LP now owns 3,473,562 shares of the company’s stock valued at $19,105,000 after purchasing an additional 176,404 shares during the period. Ballast Asset Management LP purchased a new stake in Global Business Travel Group during the third quarter worth about $1,259,000. Dendur Capital LP grew its position in Global Business Travel Group by 20.1% during the third quarter. Dendur Capital LP now owns 2,450,000 shares of the company’s stock worth $13,475,000 after buying an additional 410,114 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Global Business Travel Group by 53.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock valued at $43,000 after buying an additional 2,323 shares in the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Company Profile

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.