The average one-year price target for Global Business Travel Group Inc - (NYSE:GBTG) has been revised to 9.35 / share. This is an increase of 10.98% from the prior estimate of 8.43 dated August 1, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 7.58 to a high of 12.60 / share. The average price target represents an increase of 34.15% from the latest reported closing price of 6.97 / share.
What is the Fund Sentiment?
There are 113 funds or institutions reporting positions in Global Business Travel Group Inc -. This is an increase of 51 owner(s) or 82.26% in the last quarter. Average portfolio weight of all funds dedicated to GBTG is 0.46%, a decrease of 28.29%. Total shares owned by institutions increased in the last three months by 3.66% to 61,120K shares. 
The put/call ratio of GBTG is 0.75, indicating a bullish outlook.
What are Other Shareholders Doing?
Apollo Management Holdings holds 25,707K shares representing 5.53% ownership of the company. No change in the last quarter.
Ares Management holds 8,676K shares representing 1.87% ownership of the company. No change in the last quarter.
HG Vora Capital Management holds 8,200K shares representing 1.76% ownership of the company. No change in the last quarter.
Zoom Video Communications holds 4,000K shares representing 0.86% ownership of the company. No change in the last quarter.
Carronade Capital Management holds 3,297K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 3,080K shares, representing an increase of 6.60%. The firm decreased its portfolio allocation in GBTG by 29.98% over the last quarter.
Additional reading:
- American Express Global Business Travel Reports Record Revenue in Q2 2023 and Raises Guidance
- Amendment and Waiver, dated as of July 10, 2023, by and among Global Business Travel Group, Inc., GBT JerseyCo Limited, American Express Travel Holdings Netherlands Coöperatief U.A., Juweel Investors (SPC) Limited and EG Corporate Travel Holdings LLC. (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K, filed with the SEC on July 10, 2023).
- Letter Agreement (Shareholders Agreement), dated as of July 10, 2023, by and among Global Business Travel Group, Inc., GBT JerseyCo Limited, American Express Travel Holdings Netherlands Coöperatief U.A., Juweel Investors (SPC) Limited and EG Corporate Travel Holdings LLC (incorporated by reference to Exhibit 10.2 of the Issuer’s Current Report on Form 8-K, filed with the SEC on July 10, 2023).
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