Global Business Travel Group (NYSE:GBTG) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Global Business Travel Group (NYSE:GBTGFree Report) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other research firms have also commented on GBTG. UBS Group lowered their price target on shares of Global Business Travel Group from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. BTIG Research started coverage on shares of Global Business Travel Group in a research note on Tuesday, March 18th. They set a “buy” rating and a $10.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Global Business Travel Group has an average rating of “Moderate Buy” and a consensus target price of $9.70.

Get Our Latest Analysis on GBTG

Global Business Travel Group Price Performance

GBTG opened at $6.08 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $6.42 and its 200 day moving average price is $7.84. Global Business Travel Group has a fifty-two week low of $5.78 and a fifty-two week high of $9.60. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -16.89 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTGGet Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The business had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $632.63 million. Global Business Travel Group had a negative return on equity of 9.70% and a negative net margin of 7.06%. As a group, sell-side analysts expect that Global Business Travel Group will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Several institutional investors have recently bought and sold shares of GBTG. Millennium Management LLC increased its stake in Global Business Travel Group by 179.3% during the 4th quarter. Millennium Management LLC now owns 1,411,286 shares of the company’s stock valued at $13,097,000 after buying an additional 905,929 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Global Business Travel Group by 614.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 888,989 shares of the company’s stock worth $8,251,000 after acquiring an additional 764,628 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Global Business Travel Group by 218.4% in the first quarter. Golden State Wealth Management LLC now owns 776,310 shares of the company’s stock valued at $5,636,000 after acquiring an additional 532,458 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Global Business Travel Group in the fourth quarter valued at approximately $3,666,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Global Business Travel Group by 45.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,234,252 shares of the company’s stock valued at $11,454,000 after acquiring an additional 384,560 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

About Global Business Travel Group

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Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.

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