Global Business Travel Group (NYSE:GBTG) Sets New 12-Month Low – Here’s Why

Global Business Travel Group, Inc. (NYSE:GBTG) shares reached a new 52-week low during mid-day trading 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.

Wall Street Analyst Weigh In

GBTG has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Global Business Travel Group in a report on Monday, December 29th. Morgan Stanley raised 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. Wall Street Zen upgraded shares of Global Business Travel Group from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore increased their price target on shares of Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Finally, Zacks Research raised Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Global Business Travel Group currently has a consensus rating of “Hold” and an average price target of $10.25.

Global Business Travel Group Stock Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23. The business’s 50-day moving average is $6.87 and its 200-day moving average is $7.53. The company has a market capitalization of $2.76 billion, a PE ratio of 263.25 and a beta of 0.73.

Institutional Trading of Global Business Travel Group

A number of hedge funds have recently made changes to their positions in GBTG. Redwood Capital Management LLC bought a new position in Global Business Travel Group during the 3rd quarter valued at approximately $173,347,000. Attestor Capital Ltd purchased a new stake in shares of Global Business Travel Group in the fourth quarter worth $67,917,000. Anchorage Capital Advisors L.P. bought a new position in shares of Global Business Travel Group during the third quarter valued at $58,073,000. Monarch Alternative Capital LP purchased a new position in shares of Global Business Travel Group in the 3rd quarter worth about $57,680,000. Finally, Vanguard Group Inc. raised its position in shares of Global Business Travel Group by 24.7% in the 4th quarter. Vanguard Group Inc. now owns 13,857,451 shares of the company’s stock worth $106,010,000 after purchasing an additional 2,744,068 shares during the last quarter. 82.46% of the stock is owned by institutional investors.

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.