Wulff Hansen & CO. Boosts Holdings in Global Business Travel Group, Inc. (NYSE:GBTG)

Wulff Hansen & CO. raised its holdings in Global Business Travel Group, Inc. (NYSE:GBTG) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,126 shares of the company’s stock after purchasing an additional 1,651 shares during the quarter. Wulff Hansen & CO.’s holdings in Global Business Travel Group were worth $215,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Global Business Travel Group by 19.8% in the third quarter. Geode Capital Management LLC now owns 2,339,395 shares of the company’s stock valued at $17,993,000 after purchasing an additional 386,636 shares during the last quarter. State Street Corp boosted its stake 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 acquiring an additional 346,540 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Global Business Travel Group by 45.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,234,252 shares of the company’s stock worth $11,454,000 after acquiring an additional 384,560 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Global Business Travel Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 812,242 shares of the company’s stock worth $7,538,000 after acquiring an additional 5,723 shares in the last quarter. Finally, PB Investment Partners L.P. boosted its stake in shares of Global Business Travel Group by 0.6% during the 4th 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 in the last quarter. 82.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GBTG shares. Morgan Stanley increased their target price on shares of Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. BTIG Research started coverage on shares of Global Business Travel Group in a research note on Tuesday. They set a “buy” rating and a $10.00 target price on the stock. Finally, UBS Group started coverage on shares of Global Business Travel Group in a research note on Friday, November 22nd. They set a “buy” rating and a $11.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $9.90.

Global Business Travel Group Trading Up 0.3 %

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

Global Business Travel Group Company 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.