Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) stock jumped 1.4% during trading on Wednesday. The stock traded as high as $5.99 and last traded at $5.96. 161,011 shares traded hands on the session, an increase of 8% from its average session volume of 149,338 shares. The stock previously closed at $5.88.
Global Business Travel Group transactions increased by 1.4%
The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.64, and a current ratio of 1.64. The company's 50 day simple moving average is $5.86 and its 200 day simple moving average is $5.80. The company has a market capitalization of $2.82 billion, a P/E ratio of -14.54 and a beta of 0.63.
Global Business Travel Group (NYSE:GBTG – Get Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). Global Business Travel Group's net profit margin was 2.71% and his return on equity was negative at 4.81%. The company had revenue of $549 million for the quarter, compared to analyst expectations of $540.21 million. Analysts expect that Global Business Travel Group will post 0.07 earnings per share for the current fiscal year.
Inflow and outflow of institutions
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised his stake in Global Business Travel Group by 53.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company's stock valued at $43,000 after purchasing an additional 2,323 shares in the last quarter. Barclays PLC acquired a new position in Global Business Travel Group during the 2nd quarter worth approximately $47,000. Mariner LLC purchased a new stake in Global Business Travel Group in the 3rd quarter valued at approximately $65,000. Credit Suisse AG purchased a new stake in Global Business Travel Group in the 2nd quarter valued at approximately $69,000. Finally, Citigroup Inc. purchased a new stake in Global Business Travel Group in the 2nd quarter valued at approximately $69,000. 82.46% of the stock is currently held by institutional investors and hedge funds.
Global Business Travel Group Company Profile
(Get Free Report)
Global Business Travel Group, Inc provides a business-to-business (B2B) travel platform in the United States and internationally. The company's platform provides a suite of technology-enabled solutions for business travelers and customers. Suppliers of travel content such as airlines, hotels, ground transportation, aggregators, etc. and third party travel agents.
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