Global Business Travel Group (NYSE:GBTG) Hits New 12-Month High at $7.95

Global Business Travel Group, Inc. (NYSE:GBTG) reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.95 and last traded at $7.95, with a volume of 250 shares. The stock had previously closed at $7.69.

Analysts Set New Price Targets

Several brokerages have issued reports on GBTG. Citigroup boosted their price target on Global Business Travel Group from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Evercore ISI upped their price target on Global Business Travel Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

Global Business Travel Group Stock Down 0.4 %

The company has a market capitalization of $3.62 billion, a P/E ratio of -20.38 and a beta of 0.63. The stock has a 50 day moving average price of $7.03 and a 200 day moving average price of $6.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.65 and a current ratio of 1.65.

Global Business Travel Group (NYSE:GBTG) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.11. Global Business Travel Group had a negative net margin of 1.66% and a negative return on equity of 1.26%. The business had revenue of $625.00 million for the quarter, compared to analyst estimates of $643.97 million. Equities research analysts forecast that Global Business Travel Group, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Global Business Travel Group by 1,116.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,007,861 shares of the company’s stock worth $6,652,000 after buying an additional 925,018 shares during the last quarter. Vanguard Group Inc. lifted its stake in Global Business Travel Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 971,900 shares of the company’s stock worth $5,841,000 after purchasing an additional 10,446 shares during the last quarter. Par Capital Management Inc. increased its position in shares of Global Business Travel Group by 42.1% during the 4th quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock valued at $4,966,000 after purchasing an additional 228,149 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Global Business Travel Group during the 1st quarter valued at about $3,383,000. Finally, Rhumbline Advisers lifted its position in Global Business Travel Group by 419.3% in the 2nd quarter. Rhumbline Advisers now owns 143,883 shares of the company’s stock worth $950,000 after buying an additional 116,175 shares during the last quarter. 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.