Global Business Travel Group (NYSE:GBTG) Shares Gap Up – Time to Buy?

Global Business Travel Group, Inc. (NYSE:GBTG) 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GBTG shares. Morgan Stanley lifted their price target on 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. Zacks Research downgraded Global Business Travel Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. BTIG Research lifted their target price on Global Business Travel Group from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. UBS Group boosted their target price on Global Business Travel Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Global Business Travel Group in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.67.

Global Business Travel Group Stock Performance

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

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Global Business Travel Group had a return on equity of 3.52% and a net margin of 0.40%.The company had revenue of $674.00 million for the quarter, compared to the consensus estimate of $615.39 million. The company’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. On average, equities analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Redwood Capital Management LLC acquired a new position in shares of Global Business Travel Group during the 3rd quarter worth about $173,347,000. Ares Management LLC lifted its stake in Global Business Travel Group by 21.8% in the 2nd quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock valued at $87,482,000 after purchasing an additional 2,489,506 shares during the last quarter. Vanguard Group Inc. lifted its stake in Global Business Travel Group by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,113,383 shares of the company’s stock valued at $89,796,000 after purchasing an additional 116,419 shares during the last quarter. Anchorage Capital Advisors L.P. bought a new position in Global Business Travel Group during the third quarter worth about $58,073,000. Finally, Monarch Alternative Capital LP acquired a new position in Global Business Travel Group during the third quarter worth approximately $57,680,000. 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.