1 week Ago By Defense World Staff
Legal & General Group Plc lifted its holdings in Global Business Travel Group, Inc. (NYSE:GBTG – Free Report) by 41.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 112,099 shares of the company’s stock after purchasing an additional 32,920 shares during the quarter. Legal & General Group Plc’s holdings in Global Business Travel Group were worth $1,040,000 as of its most recent SEC filing. Other large investors have also added to or reduced their stakes in the company.
Skandinaviska Enskilda Banken AB publ increased its position 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.
Xponance Inc. bought a new stake in Global Business Travel Group during the fourth quarter worth $105,000. Cibc World Markets Corp acquired a new stake in Global Business Travel Group in the fourth quarter valued at $109,000.
Y Intercept Hong Kong Ltd bought a new position in shares of Global Business Travel Group in the 4th quarter valued at about $112,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of Global Business Travel Group by 17.0% during the 4th quarter.
Pictet Asset Management Holding SA now owns 13,578 shares of the company’s stock worth $126,000 after purchasing an additional 1,976 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.
Global Business Travel Group Price PerformanceShares of NYSE GBTG opened at $6.75 on Monday. The firm has a market cap of $3.
23 billion, a P/E ratio of -18.74 and a beta of 0.77.
The business’s 50 day moving average is $7.41 and its 200-day moving average is $8.31.
The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.
24. Global Business Travel Group, Inc. has a 1-year low of $5.
30 and a 1-year high of $9.60. Analyst Upgrades and DowngradesSeparately, BTIG Research initiated coverage on shares of Global Business Travel Group in a research note on Tuesday, March 18th.
They issued a “buy” rating and a $10.00 target price for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock.
According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.90.Check Out Our Latest Analysis on GBTGGlobal Business Travel Group Profile (Free Report)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.See AlsoFive stocks we like better than Global Business Travel GroupHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsTexas Instruments: Earnings Beat, Upbeat Guidance Fuel RecoveryCD Calculator: Certificate of Deposit Calculator O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors3 Warren Buffett Stocks to Buy NowChipotle Mexican Grill Serves Smoking Hot Entry Point in Q2.
