5 Best New Tech Stocks to Buy Now

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

Number of Hedge Fund Holders: 23    

Global Business Travel Group, Inc. (NYSE:GBTG) provides a business-to-business (B2B) travel platform. On November 10, Global Business Travel posted earnings for the third quarter of 2022, reporting losses per share of $0.43. The revenue over the period was $488 million, up 147.7% compared to the revenue over the same period last year.

On December 7, Citi analyst Peter Christiansen initiated coverage of Global Business Travel Group, Inc. (NYSE:GBTG) stock with a Neutral rating and $6.50 price target, noting that the company’s recovery momentum picked up after a slight slowdown in the third quarter.  

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 314,388 shares worth more than $1.8 million.