Global Business Travel Group (NYSE:GBTG) Now Covered by Analysts at BTIG Research

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

A number of other analysts also recently issued reports on GBTG. UBS Group began coverage on Global Business Travel Group in a research report on Friday, November 22nd. They set a “buy” rating and a $11.00 price objective for the company. Morgan Stanley raised their price objective on Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Global Business Travel Group currently has an average rating of “Moderate Buy” and a consensus target price of $9.90.

Global Business Travel Group Stock Up 0.3 %

Shares of NYSE:GBTG opened at $7.47 on Tuesday. The business has a 50-day moving average price of $8.58 and a 200 day moving average price of $8.40. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -20.74 and a beta of 0.72. Global Business Travel Group has a 12-month low of $5.30 and a 12-month high of $9.60.

Hedge Funds Weigh In On Global Business Travel Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 position in Global Business Travel Group during the 4th quarter valued at about $1,298,000. Vident Advisory LLC purchased a new position in Global Business Travel Group during the 4th quarter valued at about $179,000. State of Wyoming purchased a new position in shares of Global Business Travel Group in the 4th quarter valued at about $31,000. Finally, ProShare Advisors LLC boosted its stake in shares of Global Business Travel Group by 49.0% in 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 during the period. 82.46% of the stock is currently owned by hedge funds and other 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.