Schroder Investment Management Group bought a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 118,894 shares of the company's stock, valued at approximately $1,114,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Global Business Travel Group by 390.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock worth $26,000 after acquiring an additional 2,199 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Global Business Travel Group during the 3rd quarter valued at $98,000. Xponance Inc. purchased a new stake in shares of Global Business Travel Group in the fourth quarter worth about $105,000. Cibc World Markets Corp acquired a new position in shares of Global Business Travel Group during the fourth quarter worth $109,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Global Business Travel Group in the 4th quarter valued at about $112,000. 82.46% of the stock is owned by institutional investors and hedge funds.
Global Business Travel Group Stock Performance
Shares of NYSE GBTG traded up $0.09 during midday trading on Friday, reaching $6.73. 669,846 shares of the company traded hands, compared to its average volume of 824,488. Global Business Travel Group, Inc. has a 52 week low of $5.30 and a 52 week high of $9.60. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -18.68 and a beta of 0.77. The stock has a 50-day moving average price of $7.86 and a 200 day moving average price of $8.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56.
Analyst Upgrades and Downgrades
Separately, BTIG Research began coverage on Global Business Travel Group in a research report on Tuesday, March 18th. They issued a "buy" rating and a $10.00 target price for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.90.
View Our Latest Research Report on GBTG
Global Business Travel Group Profile
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Free Report)
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.
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