Raymond James Financial Inc. Invests $2.87 Million in Global-E Online Ltd. (NASDAQ:GLBE)

Raymond James Financial Inc. acquired a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 52,600 shares of the company's stock, valued at approximately $2,868,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after purchasing an additional 197 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Global-E Online by 2.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock worth $436,000 after buying an additional 200 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Global-E Online by 1.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock worth $908,000 after buying an additional 260 shares during the period. Juncture Wealth Strategies LLC grew its stake in Global-E Online by 3.9% in the 4th quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company's stock valued at $718,000 after buying an additional 494 shares during the last quarter. Finally, Clay Northam Wealth Management LLC raised its holdings in Global-E Online by 3.0% in the 4th quarter. Clay Northam Wealth Management LLC now owns 23,030 shares of the company's stock worth $1,256,000 after acquiring an additional 675 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Up 0.6 %

NASDAQ:GLBE traded up $0.20 during trading hours on Thursday, reaching $36.11. The company had a trading volume of 1,053,234 shares, compared to its average volume of 1,401,820. The stock has a 50-day moving average of $36.30 and a two-hundred day moving average of $45.86. Global-E Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The firm has a market capitalization of $6.11 billion, a PE ratio of -82.07, a PEG ratio of 4.61 and a beta of 1.36.

Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. During the same period last year, the company posted $0.22 earnings per share. The firm's quarterly revenue was up 41.8% compared to the same quarter last year. As a group, sell-side analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

GLBE has been the subject of several research analyst reports. UBS Group cut their price objective on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Morgan Stanley upgraded shares of Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. KeyCorp reduced their target price on shares of Global-E Online from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group lowered their price target on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Benchmark reduced their price objective on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $51.33.

Global-E Online Profile

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.