Independent Advisor Alliance Sells 18,099 Shares of Global Blue Group Holding AG (NYSE:GB)

Independent Advisor Alliance cut its stake in Global Blue Group Holding AG (NYSE:GB) by 43.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,800 shares of the company’s stock after selling 18,099 shares during the quarter. Independent Advisor Alliance’s holdings in Global Blue Group were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GB. Scalar Gauge Management LLC lifted its position in Global Blue Group by 21.0% in the third quarter. Scalar Gauge Management LLC now owns 288,983 shares of the company’s stock worth $1,581,000 after buying an additional 50,100 shares during the last quarter. Atom Investors LP boosted its holdings in Global Blue Group by 20.2% during the 3rd quarter. Atom Investors LP now owns 75,001 shares of the company’s stock valued at $410,000 after acquiring an additional 12,625 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in Global Blue Group by 3.0% during the 4th quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company’s stock valued at $13,437,000 after acquiring an additional 57,889 shares during the period. 89.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Oppenheimer cut Global Blue Group from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th.

Global Blue Group Price Performance

GB opened at $7.38 on Friday. The business has a fifty day moving average of $7.16 and a 200 day moving average of $6.28. Global Blue Group Holding AG has a 52-week low of $4.29 and a 52-week high of $8.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 5.30. The stock has a market cap of $1.47 billion, a P/E ratio of 35.12 and a beta of 0.41.

Global Blue Group Profile

Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers in Europe, the Asia Pacific, and internationally. The company operates in three segments: Tax Free Shopping Technology Solutions (TFSS), Added-Value Payment Solutions (AVPS), and Retail Tech Solutions (RTS).