Global Business Travel Group (NYSE:GBTG) Upgraded to "Buy" at Wall Street Zen

Global Business Travel Group (NYSE:GBTG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Several other equities research analysts also recently commented on GBTG. BTIG Research assumed coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price objective on the stock. UBS Group cut their price objective on shares of Global Business Travel Group from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and five 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 target price of $9.70.

Global Business Travel Group Stock Performance

Shares of GBTG stock traded up $0.03 during trading hours on Friday, hitting $6.42. 1,732,401 shares of the company were exchanged, compared to its average volume of 918,780. 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 market capitalization of $3.07 billion, a price-to-earnings ratio of -64.20 and a beta of 0.73. The firm has a fifty day simple moving average of $6.29 and a 200 day simple moving average of $7.48. Global Business Travel Group has a 52-week low of $5.78 and a 52-week 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 the consensus estimate of $0.10 by $0.06. Global Business Travel Group had a negative return on equity of 0.61% and a negative net margin of 1.81%. The firm had revenue of $621.00 million for the quarter, compared to analyst estimates of $632.63 million. Research analysts predict that Global Business Travel Group will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC increased 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 acquiring an additional 905,929 shares during the period. Bank of New York Mellon Corp grew its position in shares of 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 valued at $11,454,000 after purchasing an additional 384,560 shares in the last quarter. Northern Trust Corp increased its holdings 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 period. Dimensional Fund Advisors LP raised 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 buying an additional 764,628 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Global Business Travel Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,242 shares of the company's stock valued at $7,538,000 after buying an additional 5,723 shares during the period. 82.46% of the stock is owned by hedge funds and other 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.