BTIG Research Begins Coverage on Global Business Travel Group (NYSE:GBTG)

BTIG Research began coverage on shares of Global Business Travel Group (NYSE:GBTG) in a research note released on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $10.00 price objective on the stock.

Several other analysts have also recently commented on the stock. Morgan Stanley boosted their price target 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. 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.90.

Global Business Travel Group Trading Up 0.3 %

Global Business Travel Group stock opened at $7.74 on Tuesday. Global Business Travel Group has a 1 year low of $5.30 and a 1 year high of $9.60. The firm’s 50 day moving average price is $8.53 and its 200-day moving average price is $8.39. 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 stock has a market cap of $3.70 billion, a P/E ratio of -21.49 and a beta of 0.72.

Hedge Funds Weigh In On Global Business Travel Group

Institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Global Business Travel Group by 390.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company’s stock worth $26,000 after buying an additional 2,199 shares during the last quarter. State of Wyoming bought a new stake in Global Business Travel Group during the fourth quarter worth approximately $31,000. Tower Research Capital LLC TRC raised its position in 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 valued at $67,000 after purchasing an additional 3,816 shares during the period. Jump Financial LLC bought a new stake in shares of Global Business Travel Group in the 4th quarter valued at approximately $95,000. Finally, Verition Fund Management LLC bought a new stake in shares of Global Business Travel Group in the 3rd quarter valued at approximately $98,000. Institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

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.