Zacks Research Downgrades Global Business Travel Group (NYSE:GBTG) to Strong Sell

Global Business Travel Group (NYSE:GBTG) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

GBTG has been the subject of a number of other research reports. Morgan Stanley lifted their price target on shares of Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Global Business Travel Group from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. BTIG Research upped their price target on shares of Global Business Travel Group from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Global Business Travel Group in a research note on Wednesday, October 8th. Finally, UBS Group boosted their target price on shares of Global Business Travel Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.67.

Global Business Travel Group Price Performance

Shares of NYSE:GBTG traded up $0.03 during mid-day trading on Wednesday, reaching $7.20. The stock had a trading volume of 1,526,767 shares, compared to its average volume of 957,656. The company has a current ratio of 1.23, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. Global Business Travel Group has a 1 year low of $5.78 and a 1 year high of $9.60. The business’s 50 day moving average price is $7.98 and its 200 day moving average price is $7.16. The company has a market cap of $3.45 billion, a P/E ratio of 359.75 and a beta of 0.73.

Global Business Travel Group (NYSE:GBTG) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $674.00 million during the quarter, compared to the consensus estimate of $615.39 million. Global Business Travel Group had a net margin of 0.40% and a return on equity of 3.52%. The business’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. Research analysts expect that Global Business Travel Group will post -0.17 EPS for the current fiscal year.

Institutional Trading of Global Business Travel Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ares Management LLC raised its stake in Global Business Travel Group by 21.8% in the second quarter. Ares Management LLC now owns 13,886,023 shares of the company’s stock worth $87,482,000 after buying an additional 2,489,506 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Global Business Travel Group by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,113,383 shares of the company’s stock valued at $89,796,000 after purchasing an additional 116,419 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Global Business Travel Group by 19.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,826,361 shares of the company’s stock valued at $22,840,000 after purchasing an additional 458,132 shares during the period. Boundary Creek Advisors LP purchased a new position in Global Business Travel Group during the 3rd quarter valued at about $22,911,000. Finally, Par Capital Management Inc. raised its stake in Global Business Travel Group by 37.1% in the second quarter. Par Capital Management Inc. now owns 1,024,014 shares of the company’s stock valued at $6,451,000 after buying an additional 277,284 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.