Arohi Asset Management PTE Ltd. Purchases 11,600 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLBE. Fifth Third Bancorp increased its stake 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. raised 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 valued at $436,000 after acquiring an additional 200 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Global-E Online by 1.3% in the fourth quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock valued at $930,000 after purchasing an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in 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 purchasing an additional 260 shares in the last quarter. Finally, Juncture Wealth Strategies LLC increased its holdings in Global-E Online by 3.9% during the 4th quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company's stock worth $718,000 after purchasing an additional 494 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Up 0.3 %

NASDAQ:GLBE traded up $0.11 during trading hours on Tuesday, reaching $36.51. 832,176 shares of the company's stock were exchanged, compared to its average volume of 1,401,303. Global-E Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of -82.98, a P/E/G ratio of 4.61 and a beta of 1.36. The company has a 50-day moving average of $35.84 and a 200 day moving average of $45.93.

Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same quarter last year, the company posted $0.22 earnings per share. The business's revenue was up 41.8% on a year-over-year basis. Research analysts forecast that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GLBE. Wells Fargo & Company reduced their target price on shares of Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. UBS Group decreased their price objective on shares of 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. Piper Sandler dropped their target price on Global-E Online from $62.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group cut 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, Morgan Stanley raised Global-E Online from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $55.00 to $46.00 in a report on Wednesday, March 26th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $51.33.

About Global-E Online

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.