Global Business Travel Group, Inc. (NYSE:GBTG) Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,770 shares of the company’s stock after selling 2,357 shares during the period. JPMorgan Chase & Co.’s holdings in Global Business Travel Group were worth $917,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in Global Business Travel Group by 390.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company’s stock worth $26,000 after buying an additional 2,199 shares in the last quarter. Xponance Inc. bought a new stake in Global Business Travel Group during the fourth quarter worth approximately $105,000. Cibc World Markets Corp bought a new stake in Global Business Travel Group during the fourth quarter worth approximately $109,000. Y Intercept Hong Kong Ltd bought a new stake in Global Business Travel Group during the fourth quarter worth approximately $112,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Global Business Travel Group during the fourth quarter worth approximately $161,000. 82.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BTIG Research assumed 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 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Global Business Travel Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.90.

Global Business Travel Group Trading Up 0.3 %

NYSE GBTG opened at $6.79 on Tuesday. Global Business Travel Group, Inc. has a twelve month low of $5.30 and a twelve month 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 stock has a market cap of $3.25 billion, a price-to-earnings ratio of -18.86 and a beta of 0.77. The firm’s 50 day moving average price is $7.37 and its two-hundred day moving average price is $8.30.

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.