Xponance Inc. Acquires New Stake in Global Business Travel Group, Inc. (NYSE:GBTG)

Xponance Inc. acquired a new stake in Global Business Travel Group, Inc. (NYSE:GBTG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,347 shares of the company’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBTG. JPMorgan Chase & Co. lifted its stake in shares of Global Business Travel Group by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 101,127 shares of the company’s stock worth $778,000 after buying an additional 2,182 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of 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 worth $26,000 after purchasing an additional 2,199 shares during the last quarter. PB Investment Partners L.P. boosted its holdings in shares of Global Business Travel Group by 0.6% during the 4th quarter. PB Investment Partners L.P. now owns 613,264 shares of the company’s stock worth $5,691,000 after purchasing an additional 3,405 shares during the last quarter. Jag Capital Management LLC grew its position in shares of Global Business Travel Group by 17.6% in the fourth quarter. Jag Capital Management LLC now owns 26,115 shares of the company’s stock valued at $242,000 after purchasing an additional 3,907 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Global Business Travel Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,242 shares of the company’s stock valued at $7,538,000 after purchasing an additional 5,723 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GBTG. Morgan Stanley upped their target price on 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. 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.90.

Global Business Travel Group Price Performance

NYSE:GBTG opened at $7.36 on Friday. Global Business Travel Group, Inc. has a 52 week low of $5.30 and a 52 week high of $9.60. The stock’s fifty day moving average is $8.37 and its two-hundred day moving average is $8.42. The company has a market capitalization of $3.52 billion, a P/E ratio of -20.43 and a beta of 0.72. 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 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.