Global Business Travel Group, Inc. (NYSE:GBTG) Short Interest Update

Global Business Travel Group, Inc. (NYSE:GBTG) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 13,089,095 shares, a growth of 26.6% from the January 29th total of 10,341,332 shares. Based on an average trading volume of 1,895,898 shares, the days-to-cover ratio is currently 6.9 days. Currently, 2.5% of the shares of the company are sold short. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 1,895,898 shares, the days-to-cover ratio is currently 6.9 days.

Analyst Ratings Changes

GBTG has been the topic of a number of research reports. Morgan Stanley increased 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 report on Tuesday, November 11th. Zacks Research raised shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Wall Street Zen upgraded Global Business Travel Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Global Business Travel Group in a research report on Monday, December 29th. Finally, Evercore boosted their price objective on Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.25.

Institutional Trading of Global Business Travel Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GBTG. Quantbot Technologies LP bought a new position in shares of Global Business Travel Group in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Global Business Travel Group during the 4th quarter valued at $32,000. CWM LLC increased its position in shares of Global Business Travel Group by 262.6% during the 2nd quarter. CWM LLC now owns 6,298 shares of the company’s stock valued at $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 in the 3rd quarter worth $61,000. Finally, Creative Planning acquired a new stake in shares of Global Business Travel Group in the second quarter valued at $67,000. 82.46% of the stock is currently owned by institutional investors.

Global Business Travel Group Trading Up 1.2%

Shares of GBTG stock opened at $5.73 on Thursday. Global Business Travel Group has a 1 year low of $4.95 and a 1 year high of $8.64. The firm has a market capitalization of $3.00 billion, a PE ratio of 286.50 and a beta of 0.77. The stock has a fifty day moving average of $6.65 and a two-hundred day moving average of $7.46. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23.

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.