BTIG Research started coverage on shares of Global Business Travel Group (NYSE:GBTG - Free Report) in a research note released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $10.00 target price on the stock.
Other equities analysts have also recently issued research reports about the company. UBS Group began coverage on Global Business Travel Group in a research note on Friday, November 22nd. They set a "buy" rating and a $11.00 target price on the stock. Morgan Stanley lifted their target price on Global Business Travel Group from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Global Business Travel Group presently has a consensus rating of "Moderate Buy" and an average price target of $9.90.
Read Our Latest Analysis on Global Business Travel Group
Global Business Travel Group Trading Down 2.0 %
NYSE GBTG traded down $0.16 on Tuesday, hitting $7.58. 1,319,349 shares of the company were exchanged, compared to its average volume of 756,528. The company's 50 day moving average price is $8.51 and its 200-day moving average price is $8.40. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $3.63 billion, a P/E ratio of -21.06 and a beta of 0.72. Global Business Travel Group has a twelve month low of $5.30 and a twelve month high of $9.60.
Institutional Trading of Global Business Travel Group
Large investors have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Global Business Travel Group by 390.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock worth $26,000 after purchasing an additional 2,199 shares during the last quarter. State of Wyoming bought a new stake in shares of Global Business Travel Group during the fourth quarter worth $31,000. Tower Research Capital LLC TRC grew its holdings in shares of Global Business Travel Group by 113.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,179 shares of the company's stock worth $67,000 after purchasing an additional 3,816 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Global Business Travel Group during the fourth quarter worth $95,000. Finally, Xponance Inc. bought a new stake in shares of Global Business Travel Group during the fourth quarter worth $105,000. Institutional investors own 82.46% of the company's stock.
About Global Business Travel Group
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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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