Global Business Travel Group (NYSE:GBTG) Cut to Hold at Wall Street Zen

Global Business Travel Group (NYSE:GBTG - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other research firms have also issued reports on GBTG. BTIG Research started coverage on Global Business Travel Group in a research note on Tuesday, March 18th. They issued a "buy" rating and a $10.00 target price for the company. UBS Group lowered their target price on Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Global Business Travel Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.70.

Global Business Travel Group Stock Down 4.7%

Shares of NYSE: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. Global Business Travel Group has a 52-week low of $5.78 and a 52-week high of $9.60. The stock's fifty day simple moving average is $6.42 and its 200-day simple moving average is $7.85. The company has a market capitalization of $2.91 billion, a P/E ratio of -16.89 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. The firm had revenue of $621.00 million during the quarter, compared to analyst estimates 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, equities research analysts forecast that Global Business Travel Group will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Global Business Travel Group Company Profile

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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