ANTIPODES PARTNERS Ltd Boosts Stock Position in Global Business Travel Group, Inc. (NYSE:GBTG)

ANTIPODES PARTNERS Ltd lifted its position in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 115.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,712 shares of the company’s stock after purchasing an additional 14,828 shares during the period. ANTIPODES PARTNERS Ltd’s holdings in Global Business Travel Group were worth $257,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Global Business Travel Group by 19.8% during the third quarter. Geode Capital Management LLC now owns 2,339,395 shares of the company’s stock worth $17,993,000 after purchasing an additional 386,636 shares during the period. State Street Corp boosted its holdings in shares of Global Business Travel Group by 21.7% during the third quarter. State Street Corp now owns 1,946,990 shares of the company’s stock worth $14,972,000 after purchasing an additional 346,540 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Global Business Travel Group by 45.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,234,252 shares of the company’s stock worth $11,454,000 after purchasing an additional 384,560 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Global Business Travel Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,242 shares of the company’s stock worth $7,538,000 after purchasing an additional 5,723 shares during the period. Finally, PB Investment Partners L.P. boosted its holdings in shares of Global Business Travel Group by 0.6% during the fourth quarter. PB Investment Partners L.P. now owns 613,264 shares of the company’s stock worth $5,691,000 after purchasing an additional 3,405 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GBTG has been the subject of several research analyst reports. UBS Group initiated coverage on shares of Global Business Travel Group in a report on Friday, November 22nd. They issued a “buy” rating and a $11.00 price objective for the company. Morgan Stanley raised their price objective on shares of Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th.

Global Business Travel Group Price Performance

GBTG stock opened at $7.38 on Thursday. The firm has a 50 day moving average price of $8.71 and a 200-day moving average price of $8.38. Global Business Travel Group, Inc. has a 52-week low of $5.30 and a 52-week high of $9.60. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -20.49 and a beta of 0.72. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.56 and a current ratio of 1.56.

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.