Global Business Travel Group (NYSE:GBTG) Shares Gap Up – What’s Next?

Global Business Travel Group, Inc. (NYSE:GBTG) shares gapped up prior to trading on Tuesday . The stock had previously closed at $7.32, but opened at $7.80. Global Business Travel Group shares last traded at $7.5350, with a volume of 639,743 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on GBTG. Weiss Ratings restated a “sell (d+)” rating on shares of Global Business Travel Group in a research report on Monday, November 17th. Zacks Research lowered Global Business Travel Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. BTIG Research boosted their price objective on Global Business Travel Group from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. UBS Group upped their target price on shares of Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley raised their target price on shares of Global Business Travel Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.67.

Global Business Travel Group Stock Up 7.0%

The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 389.75 and a beta of 0.73. The firm has a 50 day simple moving average of $7.83 and a two-hundred day simple moving average of $7.19.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.09). The company had revenue of $674.00 million for the quarter, compared to analyst estimates of $615.39 million. Global Business Travel Group had a return on equity of 3.52% and a net margin of 0.40%.The business’s quarterly revenue was up 12.9% on a year-over-year basis. Global Business Travel Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On Global Business Travel Group

Several hedge funds have recently bought and sold shares of GBTG. CWM LLC raised its stake in Global Business Travel Group by 21.1% during the 3rd quarter. CWM LLC now owns 7,630 shares of the company’s stock worth $62,000 after buying an additional 1,332 shares during the period. State of Wyoming grew its stake in Global Business Travel Group by 6.5% in the second quarter. State of Wyoming now owns 40,964 shares of the company’s stock valued at $258,000 after acquiring an additional 2,504 shares during the period. Occudo Quantitative Strategies LP increased its holdings in shares of Global Business Travel Group by 3.6% in the second quarter. Occudo Quantitative Strategies LP now owns 88,122 shares of the company’s stock worth $555,000 after acquiring an additional 3,068 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Global Business Travel Group during the third quarter worth about $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Global Business Travel Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock worth $541,000 after purchasing an additional 3,238 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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.