ExodusPoint Capital Management LP Acquires 74,741 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

ExodusPoint Capital Management LP increased its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 443.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,614 shares of the company's stock after purchasing an additional 74,741 shares during the period. ExodusPoint Capital Management LP's holdings in Global Business Travel Group were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of Global Business Travel Group by 19.8% during the third quarter. Geode Capital Management LLC now owns 2,339,395 shares of the company's stock worth $17,993,000 after purchasing an additional 386,636 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Global Business Travel Group by 45.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,234,252 shares of the company's stock worth $11,454,000 after purchasing an additional 384,560 shares during the period. State Street Corp raised its holdings in Global Business Travel Group by 21.7% during the third quarter. State Street Corp now owns 1,946,990 shares of the company's stock worth $14,972,000 after purchasing an additional 346,540 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Global Business Travel Group by 225.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 403,262 shares of the company's stock worth $3,742,000 after acquiring an additional 279,533 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in shares of Global Business Travel Group in the 4th quarter worth approximately $2,263,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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Global Business Travel Group Stock Performance

Shares of NYSE GBTG traded down $0.07 during trading hours on Tuesday, hitting $6.64. 319,455 shares of the stock were exchanged, compared to its average volume of 825,142. The firm has a market capitalization of $3.18 billion, a P/E ratio of -18.44 and a beta of 0.77. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. Global Business Travel Group, Inc. has a one year low of $5.30 and a one year high of $9.60. The company's 50 day moving average is $7.81 and its 200 day moving average is $8.36.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on Global Business Travel Group in a research note on Tuesday, March 18th. They issued a "buy" rating and a $10.00 price target on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.90.

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.