Global Business Travel Group (NYSE:GBTG) Upgraded by Wall Street Zen to Buy Rating

Global Business Travel Group (NYSE:GBTG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities research analysts have also recently issued reports on the stock. Evercore upped their price objective on shares of Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Zacks Research raised Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Morgan Stanley upped their price target on Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.25.

Global Business Travel Group Stock Performance

Shares of GBTG opened at $5.45 on Friday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 272.25 and a beta of 0.73. The company’s fifty day moving average is $7.04 and its 200-day moving average is $7.57. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. Global Business Travel Group has a 12 month low of $5.03 and a 12 month high of $8.86.

Institutional Investors Weigh In On Global Business Travel Group

A number of hedge funds have recently bought and sold shares of GBTG. Advantage Alpha Capital Partners LP lifted its position in shares of Global Business Travel Group by 13.0% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 795,691 shares of the company’s stock worth $5,013,000 after acquiring an additional 91,374 shares during the period. Ares Management LLC increased its position in shares of Global Business Travel Group by 21.8% during the second quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock valued at $87,482,000 after purchasing an additional 2,489,506 shares during the period. Boundary Creek Advisors LP acquired a new position in shares of Global Business Travel Group in the third quarter valued at $22,911,000. Neo Ivy Capital Management lifted its position in Global Business Travel Group by 926.2% in the second quarter. Neo Ivy Capital Management now owns 40,800 shares of the company’s stock worth $257,000 after purchasing an additional 36,824 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Global Business Travel Group during the second quarter worth $655,000. 82.46% of the stock is currently owned by institutional investors.

About Global Business Travel Group

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.