5 Best New Stocks to Buy According to Hedge Funds

2. Global Business Travel Group, Inc. (NYSE:GBTG)

Number of Hedge Fund Holders: 26  

Global Business Travel Group, Inc. (NYSE:GBTG) runs a business-to-business (B2B) travel platform. It is one of the premier IPO stocks to invest in. On September 30, Credit Suisse analyst Stephen Ju initiated coverage of Global  Business Travel Group, Inc. (NYSE:GBTG) stock with an Outperform rating and $9 price target, noting that the company’s acquisitions of Egencia and Ovation had positioned it as a market leader in the travel space. 

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Marshall Wace LLP is a leading shareholder in Global Business Travel Group, Inc. (NYSE:GBTG), with 1.1 million shares worth more than $6.7 million.