Charles Schwab Investment Management Inc. Grows Position in Global Business Travel Group, Inc. (NYSE:GBTG)

Charles Schwab Investment Management Inc. raised its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 812,242 shares of the company’s stock after purchasing an additional 5,723 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Global Business Travel Group were worth $7,538,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Verition Fund Management LLC purchased a new stake in shares of Global Business Travel Group in the third quarter valued at about $98,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Global Business Travel Group in the fourth quarter valued at about $112,000. Quadrature Capital Ltd purchased a new stake in shares of Global Business Travel Group in the third quarter valued at about $137,000. Handelsbanken Fonder AB purchased a new stake in shares of Global Business Travel Group in the fourth quarter valued at about $182,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Global Business Travel Group in the third quarter valued at about $219,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Down 2.0 %

NYSE GBTG opened at $7.58 on Monday. The firm’s 50-day moving average is $8.51 and its two-hundred day moving average is $8.42. Global Business Travel Group, Inc. has a 12 month low of $5.30 and a 12 month high of $9.60. 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 stock has a market capitalization of $3.63 billion, a P/E ratio of -21.06 and a beta of 0.72.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GBTG. BTIG Research began coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They issued a “buy” rating and a $10.00 price objective for the company. Morgan Stanley upped 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 report on Thursday, December 12th. 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 company has a consensus rating of “Moderate Buy” and an average price target of $9.90.

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.