Global Business Travel Group, Inc. (NYSE:GBTG) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 212.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,822 shares of the company’s stock after purchasing an additional 65,192 shares during the period. Invesco Ltd.’s holdings in Global Business Travel Group were worth $889,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC grew its stake in shares of 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 purchasing an additional 26,269 shares in the last quarter. Barclays PLC grew 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 worth $1,528,000 after purchasing an additional 155,696 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Global Business Travel Group by 2.2% during 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 in the last quarter. SG Americas Securities LLC grew its position in Global Business Travel Group by 17.2% during the fourth quarter. SG Americas Securities LLC now owns 56,807 shares of the company’s stock valued at $527,000 after purchasing an additional 8,348 shares in the last quarter. Finally, PB Investment Partners L.P. increased its stake in shares of Global Business Travel Group by 0.6% in the fourth quarter. PB Investment Partners L.P. now owns 613,264 shares of the company’s stock worth $5,691,000 after acquiring an additional 3,405 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Stock Performance

Shares of GBTG opened at $6.76 on Friday. Global Business Travel Group, Inc. has a 12 month low of $5.30 and a 12 month high of $9.60. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.24. The firm’s fifty day simple moving average is $7.25 and its two-hundred day simple moving average is $8.28. The stock has a market capitalization of $3.23 billion, a P/E ratio of -18.77 and a beta of 0.77.

Analyst Ratings Changes

Separately, BTIG Research assumed coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They set 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 issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.90.

Global Business Travel Group Profile

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.