Harvest Fund Management Co. Ltd Purchases Shares of 47,331 Global Business Travel Group, Inc. (NYSE:GBTG)

Harvest Fund Management Co. Ltd acquired a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,331 shares of the company's stock, valued at approximately $439,000.

Several other large investors also recently added to or reduced their stakes in GBTG. Geode Capital Management LLC increased its stake in 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 acquiring an additional 386,636 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Global Business Travel Group by 45.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,234,252 shares of the company's stock valued at $11,454,000 after buying an additional 384,560 shares during the period. State Street Corp lifted its position in Global Business Travel Group by 21.7% in the third quarter. State Street Corp now owns 1,946,990 shares of the company's stock valued at $14,972,000 after buying an additional 346,540 shares during the last quarter. Advantage Alpha Capital Partners LP purchased a new position in Global Business Travel Group during the third quarter worth about $2,077,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Global Business Travel Group during the fourth quarter valued at about $2,263,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on GBTG shares. Morgan Stanley increased their price target on shares of Global Business Travel Group from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. BTIG Research started coverage on shares of Global Business Travel Group in a research report on Tuesday, March 18th. They issued a "buy" rating and a $10.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $9.90.

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Global Business Travel Group Stock Down 0.2 %

Shares of NYSE:GBTG traded down $0.02 during trading hours on Wednesday, reaching $7.58. The stock had a trading volume of 549,718 shares, compared to its average volume of 664,995. Global Business Travel Group, Inc. has a 1 year low of $5.30 and a 1 year high of $9.60. The firm's 50 day moving average is $8.46 and its 200-day moving average is $8.42. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -21.06 and a beta of 0.72. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56.

Global Business Travel Group 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.