Invesco Ltd. Raises Holdings in Global Business Travel Group, Inc. (NYSE:GBTG)

Invesco Ltd. raised its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG - Free Report) by 212.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,822 shares of the company's stock after acquiring an additional 65,192 shares during the quarter. Invesco Ltd.'s holdings in Global Business Travel Group were worth $889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GBTG. Jane Street Group LLC raised its stake in shares of Global Business Travel Group by 54.0% in the 3rd quarter. Jane Street Group LLC now owns 74,886 shares of the company's stock valued at $576,000 after buying an additional 26,269 shares in the last quarter. Barclays PLC increased its stake in shares of Global Business Travel Group by 362.3% in the 3rd quarter. Barclays PLC now owns 198,673 shares of the company's stock valued at $1,528,000 after buying an additional 155,696 shares during the period. JPMorgan Chase & Co. grew its position in shares of Global Business Travel Group by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 101,127 shares of the company's stock worth $778,000 after buying an additional 2,182 shares during the period. SG Americas Securities LLC raised its position in shares of Global Business Travel Group by 17.2% during the 4th quarter. SG Americas Securities LLC now owns 56,807 shares of the company's stock valued at $527,000 after acquiring an additional 8,348 shares during the last quarter. Finally, PB Investment Partners L.P. lifted its stake in Global Business Travel Group by 0.6% in the fourth quarter. PB Investment Partners L.P. now owns 613,264 shares of the company's stock valued at $5,691,000 after buying an additional 3,405 shares during the period. Hedge funds and other institutional investors own 82.46% of the company's stock.

Analyst Ratings Changes

Separately, BTIG Research started coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They set a "buy" rating and a $10.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $9.90.

Global Business Travel Group Trading Up 0.1 %

Shares of Global Business Travel Group stock traded up $0.01 during midday trading on Monday, reaching $6.89. The company had a trading volume of 858,227 shares, compared to its average volume of 853,391. The stock has a fifty day moving average price of $7.22 and a 200 day moving average price of $8.28. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. Global Business Travel Group, Inc. has a fifty-two week low of $5.30 and a fifty-two week high of $9.60. The firm has a market cap of $3.29 billion, a PE ratio of -19.13 and a beta of 0.78.

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.