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

Shares of Global Business Travel Group, Inc. (NYSE:GBTG) saw an uptick in trading volume on Friday . 663,962 shares were traded during trading, an increase of 119% from the previous session’s volume of 303,089 shares.The stock last traded at $6.55 and had previously closed at $6.57.

Global Business Travel Group Stock Performance

The business has a 50-day moving average of $6.19 and a two-hundred day moving average of $6.02. The company has a market cap of $3.12 billion, a P/E ratio of -16.92 and a beta of 0.60. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.50 and a quick ratio of 1.50.

Institutional Investors Weigh In On Global Business Travel Group

A number of institutional investors have recently added to or reduced their stakes in GBTG. American Express Co bought a new stake in Global Business Travel Group during the fourth quarter valued at about $1,017,721,000. Tower Research Capital LLC TRC boosted its holdings in 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 acquiring an additional 2,323 shares in the last quarter. Par Capital Management Inc. boosted its holdings in Global Business Travel Group by 42.1% in 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 in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Global Business Travel Group in the first quarter worth about $109,000. Finally, Vanguard Group Inc. boosted 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 worth $5,841,000 after acquiring an additional 10,446 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.

About Global Business Travel Group

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.