Global Business Travel Group (NYSE:GBTG) Hits New 12-Month Low – What’s Next?

Global Business Travel Group, Inc. (NYSE:GBTG)’s stock price reached a new 52-week low on Monday . The stock traded as low as $5.00 and last traded at $5.0750, with a volume of 562608 shares trading hands. The stock had previously closed at $5.43.

Analysts Set New Price Targets

Several research firms have weighed in on GBTG. Wall Street Zen raised Global Business Travel Group from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Evercore upped their price objective on shares of Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, December 1st. Morgan Stanley increased their target price on shares of Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Business Travel Group currently has a consensus rating of “Hold” and an average price target of $10.25.

Global Business Travel Group Trading Down 8.4%

The company has a market cap of $2.61 billion, a price-to-earnings ratio of 248.80 and a beta of 0.73. The company’s 50 day moving average price is $7.04 and its 200 day moving average price is $7.58. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23.

Institutional Trading of Global Business Travel Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in shares of Global Business Travel Group during the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in Global Business Travel Group during the fourth quarter worth approximately $32,000. CWM LLC grew its holdings in Global Business Travel Group by 262.6% during the second quarter. CWM LLC now owns 6,298 shares of the company’s stock valued at $40,000 after purchasing an additional 4,561 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Global Business Travel Group in the third quarter valued at approximately $61,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Global Business Travel Group by 1,238.9% in the third quarter. Russell Investments Group Ltd. now owns 9,024 shares of the company’s stock worth $73,000 after buying an additional 8,350 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Company Profile

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.