Barclays PLC Has $3.76 Million Stock Position in Global-E Online Ltd. (NASDAQ:GLBE)

Barclays PLC boosted its holdings in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 132.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,960 shares of the company's stock after buying an additional 39,324 shares during the quarter. Barclays PLC's holdings in Global-E Online were worth $3,760,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Clearbridge Investments LLC raised its position in Global-E Online by 1.5% during the fourth quarter. Clearbridge Investments LLC now owns 2,268,618 shares of the company's stock valued at $123,708,000 after buying an additional 34,391 shares during the period. JPMorgan Chase & Co. raised its position in Global-E Online by 40.7% during the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company's stock valued at $70,979,000 after buying an additional 533,675 shares during the period. American Century Companies Inc. raised its position in Global-E Online by 9.1% during the fourth quarter. American Century Companies Inc. now owns 1,209,833 shares of the company's stock valued at $65,972,000 after buying an additional 100,445 shares during the period. Geode Capital Management LLC raised its position in Global-E Online by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 972,025 shares of the company's stock valued at $52,809,000 after buying an additional 38,549 shares during the period. Finally, Wellington Management Group LLP raised its position in Global-E Online by 3.5% during the fourth quarter. Wellington Management Group LLP now owns 923,051 shares of the company's stock valued at $50,334,000 after buying an additional 31,019 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.

Wall Street Analysts Forecast Growth

GLBE has been the topic of several recent analyst reports. Benchmark dropped their price target on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company dropped their target price on 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 dropped their target price on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. KeyCorp dropped their target price on Global-E Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Morgan Stanley raised Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $55.00 to $46.00 in a research report on Wednesday, March 26th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, Global-E Online presently has a consensus rating of "Buy" and an average price target of $51.33.

Global-E Online Stock Performance

Shares of GLBE traded up $0.20 during trading hours on Thursday, hitting $36.11. 1,053,234 shares of the company were exchanged, compared to its average volume of 1,401,820. The firm's 50 day moving average is $36.30 and its 200-day moving average is $45.86. Global-E Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69. The company has a market cap 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 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 firm had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the prior year, the company earned $0.22 EPS. The firm's revenue for the quarter was up 41.8% compared to the same quarter last year. As a group, equities analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal 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.