11,530 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Bought by Bank of Hawaii

Bank of Hawaii purchased a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,530 shares of the company's stock, valued at approximately $629,000.

Several other hedge funds have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC lifted its stake in shares of Global-E Online by 6.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company's stock valued at $42,043,000 after buying an additional 45,739 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Global-E Online by 40.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company's stock worth $70,979,000 after acquiring an additional 533,675 shares during the last quarter. Meitav Investment House Ltd. bought a new stake in Global-E Online during the fourth quarter worth about $454,000. Amundi raised its position in Global-E Online by 126.9% in the 4th quarter. Amundi now owns 788,542 shares of the company's stock worth $41,619,000 after purchasing an additional 440,953 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of Global-E Online in the fourth quarter worth $802,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GLBE. UBS Group dropped their target price on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $64.00 target price on shares of Global-E Online in a report on Wednesday, March 12th. The Goldman Sachs Group cut their target price on Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Benchmark cut their target price on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Wells Fargo & Company cut their price target 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. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $57.00.

Global-E Online Price Performance

GLBE traded down $0.17 on Wednesday, hitting $32.30. The company had a trading volume of 211,564 shares, compared to its average volume of 1,366,937. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of -73.41, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The company's fifty day moving average price is $41.54 and its 200 day moving average price is $46.14.

Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $262.91 million for the quarter, compared to analysts' expectations of $250.96 million. During the same period last year, the business earned $0.22 EPS. The business's revenue was up 41.8% on a year-over-year basis. On average, sell-side analysts forecast that Global-E Online Ltd. will post 0.25 EPS for the current year.

Global-E Online Company 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.