MetLife Investment Management LLC Grows Stock Position in Global Business Travel Group, Inc. (NYSE:GBTG)

MetLife Investment Management LLC raised its holdings in shares of Global Business Travel Group, Inc. (NYSE:GBTG) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 77,648 shares of the company’s stock after purchasing an additional 4,154 shares during the period. MetLife Investment Management LLC’s holdings in Global Business Travel Group were worth $721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Global Business Travel Group by 614.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 888,989 shares of the company’s stock worth $8,251,000 after purchasing an additional 764,628 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Global Business Travel Group in the fourth quarter valued at $3,666,000. Jump Financial LLC acquired a new stake in shares of Global Business Travel Group during the fourth quarter valued at $95,000. XTX Topco Ltd purchased a new stake in Global Business Travel Group during the 4th quarter worth about $478,000. Finally, Mariner LLC raised its stake in Global Business Travel Group by 11.6% in the 4th quarter. Mariner LLC now owns 22,077 shares of the company’s stock valued at $205,000 after purchasing an additional 2,302 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

Global Business Travel Group Stock Up 1.8 %

Shares of NYSE:GBTG opened at $6.88 on Friday. 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 firm has a market cap of $3.29 billion, a price-to-earnings ratio of -19.11 and a beta of 0.77. The stock’s 50-day moving average price is $7.22 and its two-hundred day moving average price is $8.27. Global Business Travel Group, Inc. has a 12-month low of $5.30 and a 12-month high of $9.60.

Analyst Upgrades and Downgrades

Separately, BTIG Research assumed coverage on shares of Global Business Travel Group in a report on Tuesday, March 18th. They set a “buy” rating and a $10.00 price target for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.