Global Business Travel Group (NYSE:GBTG) Trading Down 6.1% – Should You Sell?

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

Analyst Upgrades and Downgrades

GBTG has been the subject of several research analyst reports. Evercore ISI increased their price objective on Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Morgan Stanley raised their price target on Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Global Business Travel Group in a research note on Monday, December 29th. Three 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. According to MarketBeat, Global Business Travel Group currently has an average rating of “Hold” and a consensus price target of $10.25.

Global Business Travel Group Stock Performance

The business’s fifty day moving average price is $7.72 and its 200-day moving average price is $7.60. The stock has a market cap of $3.92 billion, a PE ratio of 374.50 and a beta of 0.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23.

Global Business Travel Group (NYSE:GBTG) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $615.39 million. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities research analysts forecast that Global Business Travel Group, Inc. will post -0.17 EPS for the current fiscal year.

Institutional Trading of Global Business Travel Group

Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group during the 3rd quarter valued at approximately $26,000. CWM LLC boosted its position in shares of Global Business Travel Group by 262.6% in the second quarter. CWM LLC now owns 6,298 shares of the company’s stock worth $40,000 after purchasing an additional 4,561 shares during the period. Advisory Services Network LLC bought a new stake in shares of Global Business Travel Group during the 3rd quarter valued at $61,000. Creative Planning purchased a new position in shares of Global Business Travel Group during the 2nd quarter valued at $67,000. Finally, Quadrature Capital Ltd bought a new position in shares of Global Business Travel Group in the second quarter worth about $71,000. Hedge funds and other 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.