Global Business Travel Group, Inc.
At today's price, Global Business Travel Group, Inc. (GBTG) is priced for today's economics sustained for ~8.6 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
- Management is buying back stock aggressively (authorization raised to $600 million) at a depressed price near $9, a capital-allocation signal that it sees value while integrating the CWT acquisition. - The price is a durability premium: only the growth-DCF reaches $9, while asset and earnings-power frames land near $1.40 to $1.87 on thin returns (ROE 5.6%, ROIC 0.1%), so the bet is that post-CWT scale converts low margins into real earnings. - The risks are disintermediation of the travel-mana
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159 institutional managers reported holding GBTG in 13F filings for the quarter ended 2026-03-31. Together they hold about 64% of the company; the top 10 hold 59%. 38 opened new positions that quarter. Held by BlackRock, Apollo Management, Vanguard Group, among others. On the short side, 5.2M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (1.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
No open-market insider buys on file at GBTG over the trailing three years. Absence is a fact about the company, not a signal. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
GBTG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-11 | +10.7% | -24.3% |
| 2023-11-08 | +0.7% | +10.1% |
| 2024-03-14 | -2.8% | +9.4% |
| 2024-05-08 | -4.8% | +8.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
GBTG's latest 8-K filings: 2026-06-08 (items 7.01, 9.01); 2026-05-18 (items 5.07); 2026-05-12 (items 5.02, 9.01); 2026-05-04 (items 1.01, 8.01, 9.01); 2026-05-04 (items 2.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.