Y Intercept Hong Kong Ltd Buys Shares of 12,047 Global Business Travel Group, Inc. (NYSE:GBTG)

Y Intercept Hong Kong Ltd purchased a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,047 shares of the company’s stock, valued at approximately $112,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in Global Business Travel Group by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 806,519 shares of the company’s stock valued at $6,202,000 after acquiring an additional 237,682 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Global Business Travel Group during the third quarter worth about $984,000. Barclays PLC boosted its stake in shares of Global Business Travel Group by 362.3% in the third quarter. Barclays PLC now owns 198,673 shares of the company’s stock valued at $1,528,000 after purchasing an additional 155,696 shares during the period. State Street Corp grew its holdings in shares of Global Business Travel Group by 21.7% in the third quarter. State Street Corp now owns 1,946,990 shares of the company’s stock valued at $14,972,000 after purchasing an additional 346,540 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 valued at $17,993,000 after purchasing an additional 386,636 shares in the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.

Global Business Travel Group Trading Up 1.1 %

NYSE GBTG opened at $8.17 on Thursday. Global Business Travel Group, Inc. has a 52 week low of $5.00 and a 52 week high of $9.60. The firm has a 50 day moving average of $8.87 and a two-hundred day moving average of $8.36. 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 $3.84 billion, a PE ratio of -22.68 and a beta of 0.71.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased 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 report on Thursday, December 12th. UBS Group began coverage on Global Business Travel Group in a research report on Friday, November 22nd. They set a “buy” rating and a $11.00 price objective on the stock.

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.