EntryPoint Capital LLC Has $472,000 Position in Global Business Travel Group, Inc. (NYSE:GBTG)

EntryPoint Capital LLC boosted its position in Global Business Travel Group, Inc. (NYSE:GBTG) by 28.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,842 shares of the company’s stock after buying an additional 11,384 shares during the quarter. EntryPoint Capital LLC’s holdings in Global Business Travel Group were worth $472,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Wulff Hansen & CO. raised its holdings in shares of Global Business Travel Group by 7.7% in the fourth quarter. Wulff Hansen & CO. now owns 23,126 shares of the company’s stock valued at $215,000 after purchasing an additional 1,651 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Global Business Travel Group by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 101,127 shares of the company’s stock valued at $778,000 after buying an additional 2,182 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Global Business Travel Group by 390.6% during the 4th 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. PB Investment Partners L.P. lifted its position in 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 buying an additional 3,405 shares in the last quarter. Finally, Jag Capital Management LLC boosted its stake in shares of Global Business Travel Group by 17.6% during the 4th quarter. Jag Capital Management LLC now owns 26,115 shares of the company’s stock worth $242,000 after buying an additional 3,907 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.

Global Business Travel Group Trading Down 1.4 %

Shares of NYSE:GBTG opened at $7.58 on Wednesday. Global Business Travel Group, Inc. has a 52-week low of $5.30 and a 52-week 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 company has a market capitalization of $3.63 billion, a P/E ratio of -21.06 and a beta of 0.72. The company has a 50-day simple moving average of $8.46 and a 200 day simple moving average of $8.42.

Wall Street Analysts Forecast Growth

GBTG has been the topic of a number of recent research reports. BTIG Research started coverage on Global Business Travel Group in a research report on Tuesday, March 18th. They issued a “buy” rating and a $10.00 target price on the stock. Morgan Stanley upped their price objective on 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $9.90.

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.