Global Business Travel Group (NYSE:GBTG) Shares Down 6.1% – Time to Sell?

Global Business Travel Group, Inc. (NYSE:GBTG)’s share price was down 6.1% on Wednesday . The stock traded as low as $7.44 and last traded at $7.5050. Approximately 655,944 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 1,197,913 shares. The stock had previously closed at $7.99.

Analyst Ratings Changes

Several brokerages have recently commented on GBTG. Morgan Stanley lifted their target price on 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. Zacks Research upgraded Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Evercore ISI lifted their price objective on shares of Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Global Business Travel Group presently has a consensus rating of “Hold” and a consensus price target of $10.25.

Global Business Travel Group Stock Down 0.1%

The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 382.00 and a beta of 0.73. The stock has a 50-day moving average of $7.70 and a 200-day moving average of $7.61. The company has a current ratio of 1.23, a quick 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). Global Business Travel Group had a net margin of 0.40% and a return on equity of 3.52%. The company had revenue of $674.00 million during the quarter, compared to the consensus estimate of $615.39 million. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GBTG. Advantage Alpha Capital Partners LP increased its holdings in shares of Global Business Travel Group by 13.0% during the second quarter. Advantage Alpha Capital Partners LP now owns 795,691 shares of the company’s stock valued at $5,013,000 after purchasing an additional 91,374 shares during the period. Strs Ohio acquired a new stake in Global Business Travel Group in the first quarter worth about $297,000. Ares Management LLC grew its position in 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 valued at $87,482,000 after buying an additional 2,489,506 shares in the last quarter. PB Investment Partners L.P. increased its stake in Global Business Travel Group by 36.2% during the 2nd quarter. PB Investment Partners L.P. now owns 835,496 shares of the company’s stock valued at $5,264,000 after buying an additional 222,232 shares during the period. Finally, Neo Ivy Capital Management raised its position in shares of Global Business Travel Group by 926.2% during the 2nd quarter. Neo Ivy Capital Management now owns 40,800 shares of the company’s stock worth $257,000 after buying an additional 36,824 shares in 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.