WILSONS Maintains Webjet (ASX:WEB) Overweight Recommendation

Fintel reports that on August 30, 2023, WILSONS maintained coverage of Webjet (ASX:WEB) with a Overweight recommendation.

Analyst Price Forecast Suggests 9.36% Upside

As of August 31, 2023, the average one-year price target for Webjet is 8.13. The forecasts range from a low of 5.45 to a high of $10.13. The average price target represents an increase of 9.36% from its latest reported closing price of 7.43.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Webjet is 431MM, an increase of 18.35%. The projected annual non-GAAP EPS is 0.29.

What is the Fund Sentiment?

There are 55 funds or institutions reporting positions in Webjet. This is a decrease of 2 owner(s) or 3.51% in the last quarter. Average portfolio weight of all funds dedicated to WEB is 0.21%, a decrease of 16.45%. Total shares owned by institutions increased in the last three months by 10.88% to 30,091K shares.

What are Other Shareholders Doing?

AU:WEB / Webjet Ltd Shares Held by Institutions

VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 4,945K shares representing 1.28% ownership of the company. No change in the last quarter.

GICIX - Goldman Sachs International Small Cap Insights Fund Institutional holds 3,782K shares representing 0.98% ownership of the company. In it's prior filing, the firm reported owning 1,022K shares, representing an increase of 72.97%. The firm increased its portfolio allocation in WEB by 295.37% over the last quarter.

MIDAX - MFS International New Discovery Fund A holds 3,725K shares representing 0.97% ownership of the company. No change in the last quarter.

VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 2,969K shares representing 0.77% ownership of the company. In it's prior filing, the firm reported owning 2,868K shares, representing an increase of 3.41%. The firm decreased its portfolio allocation in WEB by 3.03% over the last quarter.

Dfa Investment Trust Co - The Asia Pacific Small Company Series holds 2,405K shares representing 0.62% ownership of the company. In it's prior filing, the firm reported owning 2,330K shares, representing an increase of 3.10%. The firm increased its portfolio allocation in WEB by 12.57% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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