5 Tech Stocks Hedge Funds are Buying Despite Rising Interest Rates

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

Number of Hedge Fund Holders in Q2 2022: 26

Number of Hedge Fund Holders in Q1 2022: 0    

Global Business Travel Group, Inc. (NYSE:GBTG) owns and runs a travel platform. On August 11, the firm posted earnings for the second quarter of 2022, reporting earnings per share of $0.44. The revenue over the period was $486 million, up 217% compared to the revenue over the same period last year. The firm said it was expecting 2022 revenue to be around $1.8 billion to $1.85 billion and full-year Adjusted EBITDA guidance ranged between $90 million to $100 million. 

Global Business Travel Group, Inc. (NYSE:GBTG) primarily provides tech-enabled solutions to business travelers and corporate clients, travel content suppliers, and third-party travel agencies. The platform it owns manages travel, expenses, meetings, and events. 

At the end of the second quarter of 2022, 26 hedge funds in the database of Insider Monkey held stakes worth $86 million in Global Business Travel Group, Inc. (NYSE:GBTG).