Banque Pictet & Cie SA Sells 128,571 Shares of Global Blue Group Holding AG (NYSE:GB)

Banque Pictet & Cie SA lowered its stake in Global Blue Group Holding AG (NYSE:GB - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 942,858 shares of the company's stock after selling 128,571 shares during the period. Banque Pictet & Cie SA owned approximately 0.47% of Global Blue Group worth $6,534,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GB. WCM Investment Management LLC grew its stake in shares of Global Blue Group by 3.0% in the fourth quarter. WCM Investment Management LLC now owns 1,990,631 shares of the company's stock worth $13,437,000 after purchasing an additional 57,889 shares during the last quarter. Scalar Gauge Management LLC grew its stake in shares of 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 purchasing an additional 50,100 shares during the last quarter. Independent Advisor Alliance bought a new stake in shares of Global Blue Group in the third quarter worth about $229,000. Finally, Atom Investors LP grew its stake in shares of Global Blue Group by 20.2% in the third quarter. Atom Investors LP now owns 75,001 shares of the company's stock worth $410,000 after purchasing an additional 12,625 shares during the last quarter. Hedge funds and other institutional investors own 89.66% of the company's stock.

Global Blue Group Stock Down 4.9 %

Global Blue Group stock traded down $0.32 during trading hours on Tuesday, hitting $6.22. 130,425 shares of the stock traded hands, compared to its average volume of 81,696. The firm's 50-day moving average price is $6.92 and its two-hundred day moving average price is $5.89. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.30. The company has a market cap of $1.24 billion, a PE ratio of 29.62 and a beta of 0.41. Global Blue Group Holding AG has a one year low of $4.26 and a one year high of $8.00.

Global Blue Group (NYSE:GB - Get Free Report) last posted its quarterly earnings data on Friday, November 22nd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Global Blue Group had a return on equity of 44.01% and a net margin of 10.29%. During the same quarter in the previous year, the business posted $0.08 EPS. On average, research analysts forecast that Global Blue Group Holding AG will post 0.3 EPS for the current year.

Analyst Ratings Changes

Separately, Oppenheimer assumed coverage on Global Blue Group in a research note on Thursday, October 24th. They issued an "outperform" rating and a $6.00 target price on the stock.

About Global Blue Group

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).