Ethic Inc. bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,847 shares of the company's stock, valued at approximately $428,000.
Other institutional investors have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC increased its holdings in Global-E Online by 6.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company's stock worth $42,043,000 after purchasing an additional 45,739 shares in the last quarter. Meitav Investment House Ltd. bought a new position in shares of Global-E Online in the fourth quarter valued at approximately $454,000. Amundi raised its stake in Global-E Online by 126.9% in the fourth quarter. Amundi now owns 788,542 shares of the company's stock valued at $41,619,000 after purchasing an additional 440,953 shares in the last quarter. Aigen Investment Management LP bought a new position in Global-E Online during the fourth quarter valued at approximately $802,000. Finally, Mount Yale Investment Advisors LLC raised its stake in shares of Global-E Online by 143.8% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company's stock valued at $1,118,000 after acquiring an additional 12,094 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Global-E Online Stock Up 0.0%
Shares of GLBE stock traded up $0.01 during trading on Tuesday, reaching $32.69. 1,749,070 shares of the company's stock were exchanged, compared to its average volume of 1,438,907. Global-E Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The stock has a market capitalization of $5.55 billion, a PE ratio of -74.30, a PEG ratio of 4.61 and a beta of 1.36. The firm's fifty day moving average price is $35.22 and its 200-day moving average price is $45.80.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) 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 $189.88 million during the quarter, compared to the consensus estimate of $187.84 million. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. The firm's revenue was up 30.2% compared to the same quarter last year. As a group, analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Piper Sandler restated an "overweight" rating and set a $42.00 price objective on shares of Global-E Online in a research report on Wednesday, May 14th. KeyCorp lowered their price objective 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. Needham & Company LLC reissued a "buy" rating and issued a $40.00 target price on shares of Global-E Online in a research report on Thursday, May 15th. Wells Fargo & Company cut their price target on Global-E Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group dropped their price objective on shares of Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $49.42.
Get Our Latest Stock Report on GLBE
About Global-E Online
(
Free Report)
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.
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