Global Business Travel Group (NYSE:GBTG) Earns Buy Rating from Analysts at BTIG Research

BTIG Research initiated coverage on shares of Global Business Travel Group (NYSE:GBTG) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $10.00 price target on the stock.

A number of other research firms also recently weighed in on GBTG. UBS Group initiated coverage on Global Business Travel Group in a report on Friday, November 22nd. They issued a “buy” rating and a $11.00 target price on the stock. Morgan Stanley increased their price objective on shares of Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.90.

Global Business Travel Group Price Performance

Shares of GBTG opened at $7.74 on Tuesday. The firm has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $8.39. The firm has a market cap of $3.70 billion, a PE ratio of -21.49 and a beta of 0.72. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. Global Business Travel Group has a 1-year low of $5.30 and a 1-year high of $9.60.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GBTG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Global Business Travel Group by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 160,666 shares of the company’s stock valued at $1,491,000 after acquiring an additional 32,716 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of Global Business Travel Group in the fourth quarter worth $1,298,000. Vident Advisory LLC bought a new stake in shares of Global Business Travel Group during the 4th quarter valued at $179,000. State of Wyoming bought a new stake in shares of Global Business Travel Group during the 4th quarter valued at $31,000. Finally, ProShare Advisors LLC lifted its stake in shares of Global Business Travel Group by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 35,344 shares of the company’s stock valued at $328,000 after buying an additional 11,629 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

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.