Boundary Creek Advisors LP Makes New Investment in Global Business Travel Group, Inc. $GBTG

Boundary Creek Advisors LP purchased a new position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,735,449 shares of the company’s stock, valued at approximately $22,911,000. Global Business Travel Group makes up 100.0% of Boundary Creek Advisors LP’s investment portfolio, making the stock its largest position. Boundary Creek Advisors LP owned 0.57% of Global Business Travel Group as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GBTG. CWM LLC increased its holdings in Global Business Travel Group by 21.1% in the third quarter. CWM LLC now owns 7,630 shares of the company’s stock worth $62,000 after buying an additional 1,332 shares during the last quarter. State of Wyoming grew its position in Global Business Travel Group by 6.5% in the second quarter. State of Wyoming now owns 40,964 shares of the company’s stock worth $258,000 after acquiring an additional 2,504 shares in the last quarter. Occudo Quantitative Strategies LP increased its stake in shares of Global Business Travel Group by 3.6% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 88,122 shares of the company’s stock worth $555,000 after purchasing an additional 3,068 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Global Business Travel Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,576 shares of the company’s stock valued at $541,000 after purchasing an additional 3,238 shares in the last quarter. Finally, Ethic Inc. raised its holdings in shares of Global Business Travel Group by 14.1% during the 3rd quarter. Ethic Inc. now owns 28,753 shares of the company’s stock valued at $232,000 after purchasing an additional 3,552 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GBTG. Zacks Research upgraded shares of Global Business Travel Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Evercore boosted their price target on Global Business Travel Group from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, December 1st. Morgan Stanley upped their price target on Global Business Travel Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Global Business Travel Group in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Global Business Travel Group has a consensus rating of “Hold” and an average price target of $10.25.

Global Business Travel Group Trading Down 0.7%

Shares of NYSE:GBTG opened at $5.40 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.23. The stock’s 50-day moving average is $7.09 and its 200-day moving average is $7.58. The company has a market cap of $2.83 billion, a P/E ratio of 270.00 and a beta of 0.73. Global Business Travel Group, Inc. has a 52-week low of $5.03 and a 52-week high of $8.87.

About Global Business Travel Group

Global Business Travel Group (NYSE: GBTG), formerly known as American Express Global Business Travel, is a provider of end-to-end corporate travel management solutions. The company helps organizations plan, book and manage business travel, meetings and events through an integrated suite of services. Its offerings include traveller support, expense management, virtual and in-person meeting services, data analytics and duty-of-care solutions tailored to enterprise customers.

Operating under a global network of offices and digital platforms, Global Business Travel Group serves clients across the Americas, EMEA and Asia Pacific.