Global Business Travel Group, Inc. (NYSE:GBTG – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 7,110,477 shares changed hands during trading, an increase of 168% from the previous session’s volume of 2,653,565 shares.The stock last traded at $9.3450 and had previously closed at $9.34.
Analysts Set New Price Targets
Several equities analysts recently commented on GBTG shares. Weiss Ratings raised Global Business Travel Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. BTIG Research downgraded Global Business Travel Group from a “buy” rating to a “neutral” rating in a report on Monday, May 4th. Morgan Stanley lowered their price target on Global Business Travel Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 9th. Lake Street Capital set a $9.50 price objective on Global Business Travel Group in a research note on Monday, May 4th. Finally, Wall Street Zen lowered Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Global Business Travel Group has a consensus rating of “Hold” and an average price target of $8.90.
View Our Latest Research Report on Global Business Travel Group
Global Business Travel Group Price Performance
Global Business Travel Group (NYSE:GBTG – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $814.55 million. Global Business Travel Group had a return on equity of 2.51% and a net margin of 2.93%.Global Business Travel Group’s revenue for the quarter was up 35.3% on a year-over-year basis. As a group, equities research analysts forecast that Global Business Travel Group, Inc. will post 0.18 earnings per share for the current year.
Institutional Trading of Global Business Travel Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in shares of Global Business Travel Group in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Global Business Travel Group during the fourth quarter worth approximately $32,000. Advisory Services Network LLC bought a new stake in Global Business Travel Group during the third quarter worth $61,000. Creative Planning bought a new stake in Global Business Travel Group during the second quarter worth $67,000. Finally, Russell Investments Group Ltd. lifted its stake in Global Business Travel Group by 1,238.9% during the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after purchasing an additional 8,350 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.
About Global Business Travel Group
Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.
Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.
Further Reading
- Five stocks we like better than Global Business Travel Group
- 3 Up-and-Coming Stocks That Could Be the Next NVIDIA
- What Exactly Is Agentic AI, and Why Are Some Stocks Blowing Up Because of It?
- 2 Pick-and-Shovel Plays for Major Digital Infrastructure Buildout
- Best Buy’s AI Laptop Boost Sparks Hope for a BBY Turnaround
Receive News & Ratings for Global Business Travel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Business Travel Group and related companies with MarketBeat.com's FREE daily email newsletter.
