Global Business Travel Group (NYSE:GBTG) Given New $11.00 Price Target at UBS Group

Key Points

• UBS Group raised its target price for Global Business Travel Group (GBTG) from $10.00 to $11.00, indicating a potential upside of 51.00% from the current price, while maintaining a "buy" rating.
• Wall Street Zen downgraded the stock to a "hold" rating, resulting in mixed ratings among analysts, with four analysts maintaining a "buy" rating and an average consensus target price of $9.90.
• Shares of GBTG have experienced a 12.1% increase, reaching $7.29, with 324,788 shares traded as the stock continues to show interest from institutional investors.

Global Business Travel Group (NYSE:GBTG - Get Free Report) had its price target raised by UBS Group from $10.00 to $11.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective indicates a potential upside of 46.18% from the stock's current price.

Separately, Wall Street Zen cut shares of Global Business Travel Group from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.88.

Global Business Travel Group Trading Up 3.8%

NYSE GBTG traded up $0.28 on Wednesday, hitting $7.53. The company's stock had a trading volume of 1,543,647 shares, compared to its average volume of 979,989. Global Business Travel Group has a 1-year low of $5.78 and a 1-year high of $9.60. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.13. The company's 50-day moving average is $6.45 and its 200 day moving average is $7.08.

Global Business Travel Group (NYSE:GBTG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Global Business Travel Group had a negative net margin of 2.34% and a negative return on equity of 2.19%. The company had revenue of $631.00 million during the quarter, compared to analysts' expectations of $624.12 million. As a group, equities analysts predict that Global Business Travel Group will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GBTG. Millennium Management LLC lifted its stake in shares of Global Business Travel Group by 179.3% in the fourth quarter. Millennium Management LLC now owns 1,411,286 shares of the company's stock valued at $13,097,000 after buying an additional 905,929 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $8,251,000 after buying an additional 764,628 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of 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 buying an additional 532,458 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Global Business Travel Group in the fourth quarter valued at $3,666,000. Finally, Nuveen LLC bought a new position in shares of Global Business Travel Group in the first quarter valued at $2,651,000. 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.