Fintel reports that on September 12, 2023, Deutsche Bank initiated coverage of Global Blue Group Holding (NYSE:GB) with a Buy recommendation.
What is the Fund Sentiment?
There are 24 funds or institutions reporting positions in Global Blue Group Holding. This is a decrease of 1 owner(s) or 4.00% in the last quarter. Average portfolio weight of all funds dedicated to GB is 0.25%, a decrease of 35.96%. Total shares owned by institutions decreased in the last three months by 0.17% to 163,379K shares. 
The put/call ratio of GB is 0.93, indicating a bullish outlook.
What are Other Shareholders Doing?
Silver Lake Group, L.L.C. holds 134,617K shares representing 58.86% ownership of the company. No change in the last quarter.
Knighthead Capital Management holds 9,287K shares representing 4.06% ownership of the company. No change in the last quarter.
Third Point holds 8,488K shares representing 3.71% ownership of the company. In it's prior filing, the firm reported owning 8,538K shares, representing a decrease of 0.59%. The firm decreased its portfolio allocation in GB by 27.59% over the last quarter.
Partners Group Holding holds 2,771K shares representing 1.21% ownership of the company. No change in the last quarter.
Wcm Investment Management holds 2,065K shares representing 0.90% ownership of the company. In it's prior filing, the firm reported owning 2,112K shares, representing a decrease of 2.27%. The firm decreased its portfolio allocation in GB by 23.99% over the last quarter.
Global Blue Group Holding Background Information
(This description is provided by the company.)
Global Blue pioneered the concept of Tax Free Shopping 40 years ago. Through continuous innovation, it has become the leading strategic technology and payments partner, empowering merchants to capture the growth of international shoppers. The Group connects all stakeholders involved in the international shopping ecosystem, helping: More than 29 million international shoppers receive a seamless and personalised shopping experience, enabling them to claim back the VAT on their eligible purchases when they shop abroad and to pay in their home currency at a guaranteed best rate, More than 300,000 points of sale, including leading department stores and luxury brands, identify growth opportunities through smart data and intelligence solutions, increase footfall through data-driven marketing solutions and convert traffic into merchant revenue through innovative in-store technologies, More than 50 acquirers, at around 130,000 points of interaction, benefit from additional revenue streams and offer merchants and travellers Dynamic Currency Conversion options and other Added-Value Payment Solutions, Customs & authorities in more than 40 countries increase country attractiveness and ensure a secure and compliant Tax Free Shopping scheme. In the financial year ending 31 March 2020, Global Blue processed 35 million Tax Free Shopping transactions with a total value of €18.5 billion sales in store, and 31 million Added-Value Payment Solutions transactions with a total value of €4.4 billion sales in store. Global Blue has over 2,000 employees in more than 50 countries.
Additional reading:
- 1 GLOBAL BLUE RELEASES THE MONTHLY TAX FREE SHOPPING BUSINESS UPDATE FOR AUGUST 2023 Signy, Switzerland, September 7, 2023 New data from Global Blue reveals that the overall global dynamic recovery for Tax Free Shopping has remained stable in Contine
- Global Blue Q1 FY23/24 Financial Results August 28, 2023 Page 1 of 6 GLOBAL BLUE REPORTS Q1 FY23/24 FINANCIAL RESULTS WITH SIGNIFICANT INCREASES IN BOTH GROWTH AND PROFITABILITY • Significant increase in both growth and profitability in Q1 FY23/24 –
- GLOBAL BLUE GROUP HOLDING AG 2023 ANNUAL GENERAL MEETING September 14, 2023 Signy, Switzerland, August 21, 2023 Global Blue Group Holding AG (“Global Blue”) will hold its Annual General Meeting of Shareholders (“AGM”) on September 14, 2023, at 09:30
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