Global Business Travel Group (NYSE:GBTG – Free Report) had its price objective hoisted by Citigroup from $8.00 to $9.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the stock.
Separately, Evercore ISI lifted their price objective on shares of Global Business Travel Group from $9.00 to $10.00 and gave the company an outperform rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $9.40.
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Global Business Travel Group Stock Performance
Shares of GBTG stock opened at $6.62 on Thursday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of -16.97 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.50 and a current ratio of 1.50. Global Business Travel Group has a 52 week low of $4.49 and a 52 week high of $7.13. The firm’s 50-day simple moving average is $6.55 and its two-hundred day simple moving average is $6.13.
Institutional Trading of Global Business Travel Group
Several hedge funds and other institutional investors have recently bought and sold shares of GBTG. Tower Research Capital LLC TRC grew its stake in shares of Global Business Travel Group by 53.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock valued at $43,000 after buying an additional 2,323 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Global Business Travel Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 971,900 shares of the company’s stock valued at $5,841,000 after acquiring an additional 10,446 shares during the period. Principal Financial Group Inc. bought a new position in Global Business Travel Group during the 2nd quarter worth approximately $108,000. ANTIPODES PARTNERS Ltd purchased a new position in Global Business Travel Group in the 1st quarter worth approximately $109,000. Finally, Victory Capital Management Inc. purchased a new position in Global Business Travel Group in the 2nd quarter worth approximately $147,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.
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.
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