Geode Capital Management LLC Sells 30,563 Shares of Global Business Travel Group, Inc. (NYSE:GBTG)

Geode Capital Management LLC reduced its position in Global Business Travel Group, Inc. (NYSE:GBTG) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,308,832 shares of the company’s stock after selling 30,563 shares during the quarter. Geode Capital Management LLC owned 0.49% of Global Business Travel Group worth $21,431,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GBTG. State Street Corp raised its holdings in shares of Global Business Travel Group by 21.7% in the 3rd quarter. State Street Corp now owns 1,946,990 shares of the company’s stock valued at $14,972,000 after purchasing an additional 346,540 shares in the last quarter. Jane Street Group LLC raised its stake in Global Business Travel Group by 54.0% in the third quarter. Jane Street Group LLC now owns 74,886 shares of the company’s stock worth $576,000 after buying an additional 26,269 shares in the last quarter. Barclays PLC boosted its position in Global Business Travel Group by 362.3% during 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Global Business Travel Group by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 101,127 shares of the company’s stock valued at $778,000 after acquiring an additional 2,182 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Global Business Travel Group by 17.2% in the 4th quarter. SG Americas Securities LLC now owns 56,807 shares of the company’s stock worth $527,000 after acquiring an additional 8,348 shares in the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BTIG Research started coverage on Global Business Travel Group in a research note on Tuesday, March 18th. They issued a “buy” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.90.

Global Business Travel Group Trading Up 1.4 %

Shares of NYSE:GBTG opened at $6.65 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $3.18 billion, a P/E ratio of -18.48 and a beta of 0.77. The business’s 50-day moving average is $7.63 and its 200 day moving average is $8.33. Global Business Travel Group, Inc. has a 1 year low of $5.30 and a 1 year high of $9.60.

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.