Global Business Travel Group (NYSE:GBTG) Stock Price Down 4.3%

Global Business Travel Group, Inc. (NYSE:GBTGGet Rating) shares fell 4.3% during mid-day trading on Wednesday . The company traded as low as $6.30 and last traded at $6.30. 3,915 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 103,025 shares. The stock had previously closed at $6.58.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GBTG shares. Morgan Stanley started coverage on Global Business Travel Group in a report on Wednesday, September 14th. They set an “equal weight” rating and a $9.00 price target for the company. Redburn Partners started coverage on Global Business Travel Group in a report on Tuesday, June 21st. They set a “buy” rating and a $12.50 price target for the company.

Global Business Travel Group Price Performance

The company’s 50 day simple moving average is $6.96. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.96.

Institutional Investors Weigh In On Global Business Travel Group

Several hedge funds and other institutional investors have recently made changes to their positions in GBTG. Dendur Capital LP acquired a new stake in shares of Global Business Travel Group in the 2nd quarter valued at $7,186,000. JPMorgan Chase & Co. bought a new position in Global Business Travel Group during the second quarter worth about $882,000. Cobalt Capital Management Inc. bought a new position in Global Business Travel Group during the second quarter worth about $327,000. Prelude Capital Management LLC bought a new position in Global Business Travel Group during the second quarter worth about $271,000. Finally, Virtu Financial LLC bought a new stake in shares of Global Business Travel Group in the second quarter valued at about $80,000. 18.27% of the stock is owned by institutional investors and hedge funds.

About Global Business Travel Group

(Get Rating)

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

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