Advantage Alpha Capital Partners LP Purchases 83,812 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Advantage Alpha Capital Partners LP boosted its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 353,967 shares of the company's stock after acquiring an additional 83,812 shares during the period. Advantage Alpha Capital Partners LP owned 0.08% of Global Business Travel Group worth $3,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new position in shares of Global Business Travel Group in the third quarter worth $219,000. Charles Schwab Investment Management Inc. grew its stake in Global Business Travel Group by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 806,519 shares of the company's stock worth $6,202,000 after buying an additional 237,682 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Global Business Travel Group by 31.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 71,901 shares of the company's stock valued at $553,000 after buying an additional 17,313 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Global Business Travel Group in the 3rd quarter valued at approximately $252,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Global Business Travel Group during the 3rd quarter worth approximately $984,000. 82.46% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

GBTG has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on shares of Global Business Travel Group from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. BTIG Research began coverage on Global Business Travel Group in a report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $9.90.

Global Business Travel Group Price Performance

GBTG stock traded down $0.24 during trading on Friday, reaching $7.36. 515,076 shares of the company were exchanged, compared to its average volume of 786,832. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of -20.43 and a beta of 0.72. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The company has a 50-day moving average of $8.37 and a two-hundred day moving average of $8.41. Global Business Travel Group, Inc. has a twelve month low of $5.30 and a twelve month high of $9.60.

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.