SG Americas Securities LLC purchased a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 48,459 shares of the company’s stock, valued at approximately $373,000.
Several other institutional investors and hedge funds have also recently modified their holdings of GBTG. Susquehanna Fundamental Investments LLC acquired a new position in shares of Global Business Travel Group during the second quarter worth $143,000. The Manufacturers Life Insurance Company grew its stake in Global Business Travel Group by 70.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,588 shares of the company’s stock worth $360,000 after buying an additional 22,650 shares during the last quarter. Marshall Wace LLP acquired a new position in Global Business Travel Group during the 2nd quarter valued at about $489,000. Amalgamated Bank raised its stake in Global Business Travel Group by 299.1% in the second quarter. Amalgamated Bank now owns 4,342 shares of the company’s stock valued at $29,000 after buying an additional 3,254 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Global Business Travel Group by 431.2% during the 2nd quarter. Renaissance Technologies LLC now owns 105,700 shares of the company’s stock worth $698,000 after purchasing an additional 85,800 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.
Global Business Travel Group Trading Up 0.2 %
Shares of GBTG stock opened at $7.88 on Friday. Global Business Travel Group, Inc. has a 1-year low of $4.49 and a 1-year high of $7.95. The firm has a market cap of $3.72 billion, a PE ratio of -20.19 and a beta of 0.64. The company has a 50-day moving average of $7.30 and a two-hundred day moving average of $6.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.65.
Analyst Ratings Changes
A number of analysts have recently weighed in on GBTG shares. Evercore ISI increased their price objective on shares of Global Business Travel Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Citigroup boosted their target price on shares of Global Business Travel Group from $9.00 to $9.50 and gave the company a “buy” rating in a research note on Friday, October 4th.
Get Our Latest Stock Analysis on Global Business Travel Group
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.
Featured Stories
- Five stocks we like better than Global Business Travel Group
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Survey Reveals: America’s Most Coveted Businesses in 2024
- What Does Downgrade Mean in Investing?
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- Golden Cross Stocks: Pattern, Examples and Charts
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Want to see what other hedge funds are holding GBTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Business Travel Group, Inc. (NYSE:GBTG – Free Report).
Receive News & Ratings for Global Business Travel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Business Travel Group and related companies with MarketBeat.com's FREE daily email newsletter.