Global Business Travel Group (NYSE:GBTG) Sees Large Volume Increase

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) saw unusually-strong trading volume on Thursday . Approximately 617,402 shares traded hands during trading, an increase of 50% from the previous session’s volume of 411,323 shares.The stock last traded at $6.53 and had previously closed at $6.44.

Global Business Travel Group Price Performance

The stock’s 50-day moving average is $6.26 and its 200 day moving average is $6.04. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $3.11 billion, a PE ratio of -16.46 and a beta of 0.62.

Institutional Investors Weigh In On Global Business Travel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Express Co acquired a new position in Global Business Travel Group in the 4th quarter worth approximately $1,017,721,000. Tower Research Capital LLC TRC boosted its stake in shares of Global Business Travel Group by 53.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the company’s stock worth $43,000 after buying an additional 2,323 shares during the last quarter. Par Capital Management Inc. grew its holdings in Global Business Travel Group by 42.1% during the fourth quarter. Par Capital Management Inc. now owns 770,000 shares of the company’s stock worth $4,966,000 after acquiring an additional 228,149 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Global Business Travel Group during the first quarter valued at approximately $109,000. Finally, Vanguard Group Inc. lifted its holdings in Global Business Travel Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 971,900 shares of the company’s stock valued at $5,841,000 after acquiring an additional 10,446 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

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.