Global Business Travel Group (NYSE:GBTG) Given New $10.00 Price Target at Evercore ISI

Global Business Travel Group (NYSE:GBTG) had its target price increased by Evercore ISI from $9.00 to $10.00 in a research report sent to investors on Wednesday morning, Marketbeat reports. They currently have an outperform rating on the stock.

Global Business Travel Group Stock Down 3.1 %

NYSE GBTG traded down $0.21 on Wednesday, reaching $6.62. The stock had a trading volume of 533,121 shares, compared to its average volume of 463,849. The business has a 50 day moving average price of $6.55 and a 200 day moving average price of $6.13. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.15. Global Business Travel Group has a 1 year low of $4.49 and a 1 year high of $7.13. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of -16.97 and a beta of 0.62.

Institutional Trading of Global Business Travel Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Express Co acquired a new stake in shares of Global Business Travel Group in the fourth quarter worth about $1,017,721,000. Tidal Investments LLC acquired a new stake in shares of Global Business Travel Group in the first quarter worth about $3,383,000. Par Capital Management Inc. lifted its position in shares of Global Business Travel Group by 42.1% in the fourth quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock worth $4,966,000 after buying an additional 228,149 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Global Business Travel Group by 53.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock worth $43,000 after buying an additional 2,323 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Global Business Travel Group by 595.9% in the second quarter. Dimensional Fund Advisors LP now owns 114,695 shares of the company’s stock worth $757,000 after buying an additional 98,213 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

About Global Business Travel Group

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.