Global Business Travel Group, Inc. (NYSE:GBTG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Global Business Travel Group, Inc. (NYSE:GBTG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.70.

A number of analysts recently issued reports on GBTG shares. UBS Group decreased their price objective on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen lowered Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday. Finally, BTIG Research started coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They issued a "buy" rating and a $10.00 price target on the stock.

Institutional Investors Weigh In On Global Business Travel Group

A number of institutional investors and hedge funds have recently made changes to their positions in GBTG. Millennium Management LLC increased its stake in Global Business Travel Group by 179.3% in the 4th quarter. Millennium Management LLC now owns 1,411,286 shares of the company's stock worth $13,097,000 after acquiring an additional 905,929 shares during the last quarter. Bank of New York Mellon Corp grew its holdings 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 worth $11,454,000 after purchasing an additional 384,560 shares in the last quarter. Northern Trust Corp increased its position in shares of Global Business Travel Group by 5.2% in the fourth quarter. Northern Trust Corp now owns 1,176,197 shares of the company's stock worth $10,915,000 after purchasing an additional 58,189 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Global Business Travel Group by 614.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 888,989 shares of the company's stock worth $8,251,000 after purchasing an additional 764,628 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Global Business Travel Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,242 shares of the company's stock valued at $7,538,000 after purchasing an additional 5,723 shares in the last quarter. Hedge funds and other institutional investors own 82.46% of the company's stock.

Global Business Travel Group Stock Performance

Shares of NYSE GBTG traded down $0.13 during midday trading on Friday, hitting $6.03. The company's stock had a trading volume of 1,323,440 shares, compared to its average volume of 915,815. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -60.30 and a beta of 0.73. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average price of $6.40 and a 200 day moving average price of $7.79. Global Business Travel Group has a one year low of $5.78 and a one year high of $9.60.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 net margin of 1.81% and a negative return on equity of 0.61%. On average, research analysts forecast that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

About Global Business Travel Group

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.