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

Equities research analysts at BTIG Research initiated coverage on shares of Global Business Travel Group (NYSE:GBTG) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $10.00 price target on the stock. BTIG Research’s price target suggests a potential upside of 34.32% from the company’s current price.

Several other research firms have also issued reports on GBTG. Morgan Stanley increased 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 report on Thursday, December 12th. UBS Group started coverage on Global Business Travel Group in a report on Friday, November 22nd. They issued a “buy” rating and a $11.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.90.

Global Business Travel Group Trading Up 1.3 %

Shares of GBTG stock opened at $7.45 on Tuesday. The firm has a fifty day moving average of $8.60 and a 200-day moving average of $8.40. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -20.68 and a beta of 0.72. Global Business Travel Group has a 52-week low of $5.30 and a 52-week high of $9.60. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56.

Institutional Trading of Global Business Travel Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GBTG. Charles Schwab Investment Management Inc. increased its stake in shares of Global Business Travel Group by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 806,519 shares of the company’s stock valued at $6,202,000 after buying an additional 237,682 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Global Business Travel Group in the third quarter valued at about $984,000. Barclays PLC increased its position in Global Business Travel Group by 362.3% in the third quarter. Barclays PLC now owns 198,673 shares of the company’s stock worth $1,528,000 after purchasing an additional 155,696 shares during the period. State Street Corp raised its holdings in Global Business Travel Group by 21.7% during the 3rd quarter. State Street Corp now owns 1,946,990 shares of the company’s stock worth $14,972,000 after purchasing an additional 346,540 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Global Business Travel Group by 19.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,339,395 shares of the company’s stock valued at $17,993,000 after purchasing an additional 386,636 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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.