Global Business Travel Group (NYSE:GBTG) Upgraded by Wall Street Zen to Buy Rating

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

Several other equities analysts have also commented on GBTG. UBS Group reduced 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 report on Wednesday, May 7th. BTIG Research started coverage on shares of Global Business Travel Group in a research report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.70.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG opened at $6.47 on Friday. The company's fifty day moving average price is $6.30 and its 200-day moving average price is $7.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of -64.70 and a beta of 0.73. 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 announced its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (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 analyst estimates 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, equities research analysts anticipate 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 modified their holdings of the stock. Millennium Management LLC lifted its stake in shares of 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 valued at $13,097,000 after acquiring an additional 905,929 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 purchasing an additional 764,628 shares during the period. Golden State Wealth Management LLC lifted its position in 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 purchasing an additional 532,458 shares during the last quarter. First Trust Advisors LP bought a new stake in Global Business Travel Group in the fourth quarter valued at approximately $3,666,000. Finally, Bank of New York Mellon Corp boosted 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 purchasing an additional 384,560 shares during the period. 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.

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