6 days Ago By ABMN Staff
Pictet Asset Management Holding SA grew its stake in Global Business Travel Group, Inc. ( NYSE:GBTG – Free Report ) by 17.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 13,578 shares of the company’s stock after acquiring an additional 1,976 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Global Business Travel Group were worth $126,000 at the end of the most recent quarter. A number of other hedge funds have also modified their holdings of the company.
Geode Capital Management LLC increased its stake 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 in the last quarter.
Bank of New York Mellon Corp increased its position in shares of Global Business Travel Group by 45.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,234,252 shares of the company’s stock valued at $11,454,000 after buying an additional 384,560 shares in the last quarter.
State Street Corp lifted its holdings in 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 acquiring an additional 346,540 shares in the last quarter.
Golden State Wealth Management LLC acquired a new position in Global Business Travel Group in the fourth quarter valued at about $2,263,000. Finally, E. Ohman J or Asset Management AB acquired a new position in Global Business Travel Group in the fourth quarter valued at about $2,233,000.
82.46% of the stock is currently owned by institutional investors and hedge funds. Global Business Travel Group Stock Performance Shares of Global Business Travel Group stock opened at $6.
73 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.
56 and a quick ratio of 1.56. The firm has a market cap of $3.
22 billion, a price-to-earnings ratio of -18.68 and a beta of 0.77.
The stock’s 50-day moving average is $7.86 and its 200-day moving average is $8.37.
Global Business Travel Group, Inc. has a one year low of $5.30 and a one year high of $9.
60. Wall Street Analysts Forecast Growth Read 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.
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