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

Key Points

• Global Business Travel Group was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, indicating a cautious outlook for the stock.
• UBS Group reduced their price target for the company from $11.00 to $10.00 while maintaining a "buy" rating, suggesting differing opinions among analysts.
• The company reported earnings of $0.16 per share, surpassing analyst estimates, although it faced challenges with a revenue decrease compared to expectations.

Wall Street Zen lowered shares of Global Business Travel Group (NYSE:GBTG - Free Report) from a buy rating to a hold rating in a report released on Saturday.

Separately, UBS Group reduced 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.70.

Global Business Travel Group Stock Performance

GBTG traded down $0.04 on Friday, hitting $6.67. The company's stock had a trading volume of 1,826,967 shares, compared to its average volume of 822,149. The company's 50 day simple moving average is $6.35 and its 200-day simple moving average is $7.20. The firm has a market cap of $3.19 billion, a P/E ratio of -66.70 and a beta of 0.73. Global Business Travel Group has a 12 month low of $5.78 and a 12 month high of $9.60. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.21.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.10 by $0.06. The company had revenue of $621.00 million during the quarter, compared to the consensus estimate 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%. Analysts forecast that Global Business Travel Group will post -0.17 EPS for the current year.

Institutional Trading of Global Business Travel Group

Hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Global Business Travel Group during the 4th quarter worth $31,000. Quarry LP bought a new stake in shares of Global Business Travel Group during the 1st quarter worth $26,000. Federated Hermes Inc. bought a new stake in shares of Global Business Travel Group during the 1st quarter worth $27,000. Neo Ivy Capital Management bought a new stake in shares of Global Business Travel Group during the 1st quarter worth $29,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Global Business Travel Group by 2,340.7% during the 1st quarter. GAMMA Investing LLC now owns 5,394 shares of the company's stock worth $39,000 after acquiring an additional 5,173 shares during the last quarter. 82.46% of the stock is owned by institutional investors.

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.