Global Business Travel Group, Inc. $GBTG Shares Bought by PB Investment Partners L.P.

PB Investment Partners L.P. boosted its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 11.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 930,119 shares of the company’s stock after purchasing an additional 94,623 shares during the period. Global Business Travel Group makes up approximately 5.1% of PB Investment Partners L.P.’s portfolio, making the stock its 7th biggest holding. PB Investment Partners L.P. owned 0.19% of Global Business Travel Group worth $7,515,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC boosted its stake in shares of Global Business Travel Group by 21.1% in the third quarter. CWM LLC now owns 7,630 shares of the company’s stock worth $62,000 after buying an additional 1,332 shares during the last quarter. State of Wyoming boosted its position in Global Business Travel Group by 6.5% in the 2nd quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after purchasing an additional 2,504 shares in the last quarter. Occudo Quantitative Strategies LP grew its stake in shares of Global Business Travel Group by 3.6% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 88,122 shares of the company’s stock worth $555,000 after purchasing an additional 3,068 shares during the period. Quantbot Technologies LP purchased a new position in shares of Global Business Travel Group during the 3rd quarter valued at approximately $26,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Global Business Travel Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after purchasing an additional 3,238 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GBTG shares. Evercore raised their price target on shares of Global Business Travel Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Zacks Research raised shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Weiss Ratings restated a “sell (d)” rating on shares of Global Business Travel Group in a research report on Monday, December 29th. Morgan Stanley upped their price target on Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen upgraded Global Business Travel Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Global Business Travel Group currently has an average rating of “Hold” and a consensus price target of $10.25.

Global Business Travel Group Trading Down 0.5%

Shares of Global Business Travel Group stock opened at $5.48 on Friday. The firm’s 50-day moving average price is $6.78 and its 200 day moving average price is $7.51. Global Business Travel Group, Inc. has a twelve month low of $4.95 and a twelve month high of $8.76. The firm has a market capitalization of $2.87 billion, a PE ratio of 273.75 and a beta of 0.73. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.89.

About Global Business Travel Group

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.