Xponance Inc. Takes Position in Global Business Travel Group, Inc. (NYSE:GBTG)

Xponance Inc. bought a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,347 shares of the company’s stock, valued at approximately $105,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Global Business Travel Group by 19.8% in 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 in the last quarter. Bank of New York Mellon Corp grew its stake in Global Business Travel Group by 45.3% during the 4th 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 in the last quarter. State Street Corp increased its holdings in Global Business Travel Group by 21.7% during the 3rd 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 during the period. Golden State Wealth Management LLC purchased a new stake in Global Business Travel Group during the 4th quarter worth about $2,263,000. Finally, E. Ohman J or Asset Management AB purchased a new position in shares of Global Business Travel Group in the 4th quarter valued at about $2,233,000. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Global Business Travel Group Stock Performance

Shares of Global Business Travel Group stock opened at $7.36 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24. Global Business Travel Group, Inc. has a 52 week low of $5.30 and a 52 week high of $9.60. The firm’s 50 day moving average is $8.37 and its two-hundred day moving average is $8.42. The firm has a market capitalization of $3.52 billion, a P/E ratio of -20.43 and a beta of 0.72.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GBTG. Morgan Stanley upped their target price on shares of Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. BTIG Research started 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 on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Business Travel Group presently 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.