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Vanguard Group Inc. Buys 10,446 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Vanguard Group Inc. Buys 10,446 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)


Vanguard Group Inc. raised its position in shares of Global Business Travel Group, Inc. (NYSE:GBTG – Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 971,900 shares of the company’s stock after purchasing an additional 10,446 shares during the period. Vanguard Group Inc. owned about 0.21% of Global Business Travel Group worth $5,841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in GBTG. Tower Research Capital LLC TRC increased its holdings in shares of Global Business Travel Group by 53.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock valued at $43,000 after acquiring an additional 2,323 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Global Business Travel Group in the first quarter worth $109,000. Par Capital Management Inc. increased its position in shares of Global Business Travel Group by 42.1% during the fourth quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock worth $4,966,000 after purchasing an additional 228,149 shares in the last quarter. Finally, American Express Co purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at $1,017,721,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Evercore ISI upped their target price on Global Business Travel Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Citigroup boosted their price target on Global Business Travel Group from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, August 8th.

Get Our Latest Stock Report on Global Business Travel Group

Global Business Travel Group Price Performance

Shares of GBTG stock opened at $7.03 on Friday. Global Business Travel Group, Inc. has a twelve month low of $4.49 and a twelve month high of $7.12. The stock has a market cap of $3.32 billion, a P/E ratio of -18.03 and a beta of 0.62. The stock has a 50 day moving average of $6.60 and a 200 day moving average of $6.17. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.15.

Global Business Travel Group Profile

(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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Want to see what other hedge funds are holding GBTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Business Travel Group, Inc. (NYSE:GBTG – Free Report).

Institutional Ownership by Quarter for Global Business Travel Group (NYSE:GBTG)



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