American Express Global Business TravelGBTG
About: Global Business Travel Group Inc operates as a business-to-business travel platform. It is engaged in providing software and services to manage travel, expenses, and meetings and events for companies of all sizes. The company is engaged in building the marketplace in B2B travel to deliver unrivaled choice, value, and experiences. It also provides business travel solutions, simplified travel management, and business consulting services. Further, The company generates revenue in two ways that involves fees and other revenues relating to processing and servicing travel transactions received from clients and travel suppliers and revenues for the provision of products and professional services not directly related to transactions received from clients, travel suppliers and Network Partners.
Employees: 19,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 8
89% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 18
33% more funds holding
Funds holding: 73 [Q2] → 97 (+24) [Q3]
22% more capital invested
Capital invested by funds: $1.55B [Q2] → $1.89B (+$345M) [Q3]
2.38% more ownership
Funds ownership: 49.69% [Q2] → 52.06% (+2.38%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 10 [Q2] → 8 (-2) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley Toni Kaplan 50% 1-year accuracy 11 / 22 met price target | 5%downside $9 | Equal-Weight Maintained | 12 Dec 2024 |
UBS Stephen Ju 86% 1-year accuracy 6 / 7 met price target | 17%upside $11 | Buy Initiated | 22 Nov 2024 |
Citigroup Peter Christiansen 58% 1-year accuracy 7 / 12 met price target | 1%upside $9.50 | Buy Maintained | 4 Oct 2024 |
Financial journalist opinion
