Global Business Travel Group (NYSE:GBTG) Shares Gap Down – What’s Next?

Global Business Travel Group, Inc. (NYSE:GBTG)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $7.68, but opened at $7.00. Global Business Travel Group shares last traded at $7.50, with a volume of 50,442 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Global Business Travel Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Citigroup boosted their target price on shares of Global Business Travel Group from $9.00 to $9.50 and gave the stock a “buy” rating in a research report on Friday, October 4th.

Global Business Travel Group Price Performance

The stock’s 50-day moving average price is $7.46 and its 200-day moving average price is $6.78. 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 posted its earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.11. Global Business Travel Group had a negative return on equity of 1.26% and a negative net margin of 1.66%. The company had revenue of $625.00 million for the quarter, compared to the consensus estimate of $643.97 million. On average, analysts forecast that Global Business Travel Group, Inc. will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Entropy Technologies LP acquired a new stake in Global Business Travel Group during the 3rd quarter valued at $145,000. Jag Capital Management LLC acquired a new stake in shares of Global Business Travel Group during the third quarter valued at $171,000. American Capital Advisory LLC acquired a new stake in shares of Global Business Travel Group during the third quarter valued at $568,000. SG Americas Securities LLC purchased a new stake in Global Business Travel Group during the 3rd quarter worth about $373,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Global Business Travel Group in the 2nd quarter valued at $143,000. 82.46% of the stock is owned by hedge funds and other institutional investors.

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.