KLP Kapitalforvaltning AS Invests $161,000 in Global Business Travel Group, Inc. (NYSE:GBTG)

KLP Kapitalforvaltning AS acquired a new stake in Global Business Travel Group, Inc. (NYSE:GBTG – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,300 shares of the company’s stock, valued at approximately $161,000.

Other institutional investors also recently bought and sold shares of the company. Wulff Hansen & CO. increased its stake in Global Business Travel Group by 7.7% during the 4th 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Global Business Travel Group by 2.2% during the third 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 increased its position in shares of Global Business Travel Group by 390.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 2,762 shares of the company’s stock valued at $26,000 after acquiring an additional 2,199 shares during the period. PB Investment Partners L.P. raised its stake in Global Business Travel Group by 0.6% in 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 during the last quarter. Finally, Jag Capital Management LLC lifted its position in 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 acquiring an additional 3,907 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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Global Business Travel Group Stock Performance

NYSE GBTG opened at $6.39 on Wednesday. The firm has a market capitalization of $3.05 billion, a P/E ratio of -17.74 and a beta of 0.77. The stock has a 50-day simple moving average of $8.03 and a two-hundred day simple moving average of $8.39. 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, Inc. has a fifty-two week low of $5.30 and a fifty-two week high of $9.60.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BTIG Research assumed coverage on Global Business Travel Group in a report on Tuesday, March 18th. They issued a “buy” rating and a $10.00 price objective on the stock. Morgan Stanley increased their price target 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. One 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, the company has an average rating of “Moderate Buy” and an average price target of $9.90.

Check Out Our Latest Stock Report on GBTG

Global Business Travel Group Company Profile

(Free Report)

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.