XTX Topco Ltd Buys New Stake in Global Business Travel Group, Inc. (NYSE:GBTG)

XTX Topco 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 13F filing with the Securities and Exchange Commission. The firm acquired 51,517 shares of the company's stock, valued at approximately $478,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its stake in Global Business Travel Group by 390.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company's stock valued at $26,000 after purchasing an additional 2,199 shares in the last quarter. Xponance Inc. purchased a new position in shares of Global Business Travel Group during the 4th quarter valued at $105,000. Cibc World Markets Corp bought a new stake in shares of Global Business Travel Group during the 4th quarter valued at about $109,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Global Business Travel Group during the 4th quarter valued at $112,000. Finally, Pictet Asset Management Holding SA raised its position in Global Business Travel Group by 17.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,578 shares of the company's stock valued at $126,000 after purchasing an additional 1,976 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company's stock.

Analyst Ratings Changes

Separately, BTIG Research began 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 objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.90.

Global Business Travel Group Trading Down 1.2 %

NYSE:GBTG traded down $0.09 during mid-day trading on Friday, hitting $6.73. 99,396 shares of the stock traded hands, compared to its average volume of 843,676. The firm's 50 day moving average is $7.45 and its two-hundred day moving average is $8.30. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -18.68 and a beta of 0.77. Global Business Travel Group, Inc. has a 52 week low of $5.11 and a 52 week high of $9.60.

About Global Business Travel Group

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.