Global Business Travel Group, Inc. (NYSE:GBTG) Shares Bought by Wulff Hansen & CO.

Wulff Hansen & CO. raised its holdings in Global Business Travel Group, Inc. (NYSE:GBTG) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,126 shares of the company’s stock after acquiring an additional 1,651 shares during the period. Wulff Hansen & CO.’s holdings in Global Business Travel Group were worth $215,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Global Business Travel Group by 41.8% in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Global Business Travel Group in the 3rd quarter valued at about $984,000. Barclays PLC raised its holdings in Global Business Travel Group by 362.3% in the 3rd quarter. Barclays PLC now owns 198,673 shares of the company’s stock valued at $1,528,000 after acquiring an additional 155,696 shares during the last quarter. State Street Corp increased its holdings in shares of Global Business Travel Group by 21.7% during the 3rd quarter. State Street Corp now owns 1,946,990 shares of the company’s stock worth $14,972,000 after buying an additional 346,540 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Global Business Travel Group by 19.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,339,395 shares of the company’s stock worth $17,993,000 after buying an additional 386,636 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Stock Up 0.3 %

Global Business Travel Group stock opened at $7.47 on Wednesday. Global Business Travel Group, Inc. has a fifty-two week low of $5.30 and a fifty-two week high of $9.60. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a 50 day moving average price of $8.58 and a 200 day moving average price of $8.40. The company has a market capitalization of $3.57 billion, a PE ratio of -20.74 and a beta of 0.72.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GBTG shares. UBS Group started coverage on shares of Global Business Travel Group in a report on Friday, November 22nd. They set a “buy” rating and a $11.00 price target for the company. Morgan Stanley raised their price target 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. Finally, BTIG Research started coverage on shares of Global Business Travel Group in a report on Tuesday. They set a “buy” rating and a $10.00 price target 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.90.

About Global Business Travel Group

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.