Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Global Business Travel Group (NYSE:GBTG – Get Rating) was the target of a sharp rise in short-selling rates in December. As of December 15, short sales totaled 491,400 shares, up 13.8% from the November 30 total of 431,700 shares. Based on an average daily trading volume of 183,600 shares, the days coverage ratio is now 2.7 days. About 1.7% of the company’s shares have been sold short.

insider trading

In other news, CFO Martine Gerow bought 10,000 shares of the company’s stock in a deal on Wednesday, December 7th. Shares were purchased at an average price of $5.60 per share for a total of $56,000.00. Following the transaction, the Chief Financial Officer now owns 422,310 shares in the company directly, valued at $2,364,936. The acquisition was disclosed in her SEC filings, which can be accessed at this link. In the last 90 days, the insider has purchased 24,700 shares of her company stock worth $128,442. Her 12.90% of shares are owned by insiders.

Hedge fund joins global business travel group

Several hedge funds have recently bought and sold GBTG shares. Dendur Capital LP increased his stake in Global Business Travel Group by 6.8% in the third quarter. Dendur Capital LP now owns 1,215,873 shares of the company worth $6,882,000 after he purchased an additional 76,973 shares during this period. Vanguard Group Inc. purchased new shares in Global Business Travel Group for approximately $1,127,000 in the third quarter. JPMorgan Chase & Co. purchased new shares in Global Business Travel Group in the second quarter for approximately $882,000. BlackRock Inc. purchased new shares in Global Business Travel Group in the third quarter for approximately $704,000. Finally, Cobalt Capital Management Inc. purchased a new position in the Global Business Travel Group in the second quarter for approximately $327,000. Hedge funds and other institutional investors own 15.91% of the company’s shares.

Analyst Rating Change

GBTG stock has been the focus of many equity analysts recently. Citigroup featured shares in Global Business Travel Group in its report on Wednesday, December 7th. They issued a “neutral” rating and a $6.50 stock price target. Evercore ISI began coverage of Global Business Travel Group shares in a research report on Wednesday, December 21st. They set an “Outperform” rating and a firm price target of $8.00. Credit Suisse Group featured shares in Global Business Travel Group in a report on Friday, September 30th. They issued an “outperform” rating and a price target of $9.00. Deutsche Bank Aktiengesellschaft featured the Global Business Travel Group in its report on Monday 3 October. They set a Buy rating and a $7.10 price target on the company. Finally, Morgan Stanley kicked off coverage of the Global Business Travel Group in her Wednesday, September 14 research report. They set an “equal-weighted” rating and a price target of $9.00. Two research analysts rated the stock with a hold rating and four issued a buy rating on the stock. According to MarketBeat data, the Global Business Travel Group has an average rating of “Moderate Buy” with an average target price of $8.68.

Global Business Travel Group stock performance

GBTG shares climbed $0.11 to reach $6.75 in midday trading on Monday. His 4,978 shares in the company’s stock trading hand compared to an average turnover of 399,931. The company has a 50-day moving average price of $5.51 and a 200-day moving average price of $6.13. The Global Business Travel Group has a 52-week low of $4.26 and a 52-week high of $10.01. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt to equity ratio of 1.04.

The Global Business Travel Group (NYSE: GBTG – Get Rating) last released its quarterly earnings data on Thursday, November 10. The company reported his earnings per share (EPS) of $0.43 for the quarter, but he missed analyst consensus expectations of $0.12 by $0.31. The company posted revenue of $488 million for the quarter, compared to consensus expectations of $481.29 million. Sell-side analysts forecast his earnings per share for the current year at -0.49 for the global business travel group.

About Global Business Travel Group

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Global Business Travel Group, Inc provides a business-to-business (B2B) travel platform. The company’s platform offers a suite of technology-enabled solutions for business travelers and corporate customers, his suppliers of travel content, and third-party travel agencies. Its platform manages corporate travel expenses, expenses, meetings and events.

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