Global-E Online Ltd. (NASDAQ:GLBE) is Arohi Asset Management PTE Ltd.'s 3rd Largest Position

Arohi Asset Management PTE Ltd. raised its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 641,206 shares of the company's stock after purchasing an additional 11,600 shares during the quarter. Global-E Online accounts for approximately 9.5% of Arohi Asset Management PTE Ltd.'s portfolio, making the stock its 3rd largest position. Arohi Asset Management PTE Ltd. owned about 0.39% of Global-E Online worth $34,965,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after purchasing an additional 197 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock valued at $43,000 after acquiring an additional 748 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Global-E Online in the fourth quarter valued at $59,000. Whipplewood Advisors LLC purchased a new stake in Global-E Online during the fourth quarter valued at about $65,000. Finally, SBI Securities Co. Ltd. purchased a new position in Global-E Online in the 4th quarter valued at approximately $99,000. 94.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

GLBE has been the subject of several recent analyst reports. Morgan Stanley raised shares of Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $55.00 to $46.00 in a research note on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on shares of Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. The Goldman Sachs Group decreased their price objective on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. KeyCorp decreased their price objective on Global-E Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Needham & Company LLC decreased their price objective on shares of Global-E Online from $64.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Global-E Online currently has an average rating of "Buy" and an average target price of $51.33.

Global-E Online Price Performance

Shares of NASDAQ:GLBE traded up $0.92 during trading on Thursday, hitting $38.23. The company's stock had a trading volume of 548,230 shares, compared to its average volume of 1,812,118. Global-E Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The company has a 50-day moving average of $35.62 and a 200-day moving average of $45.81. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of -86.89, a P/E/G ratio of 4.61 and a beta of 1.36.

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

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.