Skandinaviska Enskilda Banken AB publ Raises Position in Global Business Travel Group, Inc. (NYSE:GBTG)

Skandinaviska Enskilda Banken AB publ increased its position in Global Business Travel Group, Inc. (NYSE:GBTG) by 390.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,762 shares of the company’s stock after buying an additional 2,199 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Global Business Travel Group were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Global Business Travel Group in the 4th quarter worth $112,000. Verition Fund Management LLC purchased a new position in shares of Global Business Travel Group in the 3rd quarter worth $98,000. Quadrature Capital Ltd purchased a new position in shares of Global Business Travel Group in the 3rd quarter worth $137,000. Handelsbanken Fonder AB purchased a new position in shares of Global Business Travel Group in the 4th quarter worth $182,000. Finally, Jag Capital Management LLC raised its position in shares of Global Business Travel Group by 17.6% in 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 period. 82.46% of the stock is owned by hedge funds and other institutional investors.

Global Business Travel Group Stock Up 0.3 %

Shares of NYSE GBTG opened at $7.47 on Wednesday. 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 market cap of $3.57 billion, a P/E ratio of -20.74 and a beta of 0.72. 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 stock has a fifty day moving average price of $8.58 and a 200 day moving average price of $8.40.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley increased their target price on Global Business Travel Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. UBS Group assumed coverage on Global Business Travel Group in a report on Friday, November 22nd. They issued a “buy” rating and a $11.00 price target for the company. Finally, BTIG Research assumed coverage on Global Business Travel Group in a report on Tuesday. They issued a “buy” rating and a $10.00 price target for the company. One research 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 stock currently has a consensus rating of “Moderate Buy” and an average target price 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.