Global Business Travel Group (NYSE:GBTG) Shares Gap Up – Here’s What Happened

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

GBTG has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Global Business Travel Group in a research report on Monday. Morgan Stanley raised their price objective 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. UBS Group lifted their price objective on Global Business Travel Group from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Zacks Research cut Global Business Travel Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Finally, BTIG Research raised their price target on Global Business Travel Group from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.67.

Global Business Travel Group Price Performance

The stock has a market cap of $4.02 billion, a PE ratio of 383.75 and a beta of 0.73. The business’s 50-day simple moving average is $7.81 and its 200-day simple moving average is $7.21. 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 posted its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The firm had revenue of $674.00 million for the quarter, compared to analysts’ expectations of $615.39 million. Global Business Travel Group had a return on equity of 3.52% and a net margin of 0.40%.The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Global Business Travel Group has set its FY 2025 guidance at EPS. On average, research analysts expect that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Business Travel Group

A number of large investors have recently made changes to their positions in the business. Redwood Capital Management LLC purchased a new position in shares of Global Business Travel Group during the third quarter valued at approximately $173,347,000. Anchorage Capital Advisors L.P. purchased a new position in Global Business Travel Group during the 3rd quarter valued at $58,073,000. Monarch Alternative Capital LP bought a new position in Global Business Travel Group in the 3rd quarter worth $57,680,000. Boundary Creek Advisors LP bought a new position in Global Business Travel Group in the 3rd quarter worth $22,911,000. Finally, Ares Management LLC lifted its position in shares of 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 worth $87,482,000 after purchasing an additional 2,489,506 shares during the period. 82.46% of the stock is currently owned by institutional investors.

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.