Bayesian Capital Management LP Makes New $428,000 Investment in Global-E Online Ltd. (NASDAQ:GLBE)

Bayesian Capital Management LP acquired a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,842 shares of the company's stock, valued at approximately $428,000.

Other large investors have also modified their holdings of the company. Bank of America Corp DE increased its holdings in Global-E Online by 47.1% in the 4th quarter. Bank of America Corp DE now owns 867,474 shares of the company's stock valued at $47,303,000 after buying an additional 277,788 shares during the period. BNP Paribas Financial Markets bought a new stake in Global-E Online in the fourth quarter valued at about $10,520,000. Ameriprise Financial Inc. raised its position in Global-E Online by 115.9% in the fourth quarter. Ameriprise Financial Inc. now owns 110,477 shares of the company's stock worth $6,024,000 after purchasing an additional 59,295 shares in the last quarter. Arohi Asset Management PTE Ltd. lifted its stake in Global-E Online by 1.8% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 641,206 shares of the company's stock worth $34,965,000 after purchasing an additional 11,600 shares during the period. Finally, Northern Trust Corp boosted its holdings in Global-E Online by 51.4% during the fourth quarter. Northern Trust Corp now owns 441,795 shares of the company's stock valued at $24,091,000 after purchasing an additional 149,958 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Up 0.6 %

GLBE stock traded up $0.21 during midday trading on Friday, reaching $37.74. The stock had a trading volume of 1,249,171 shares, compared to its average volume of 1,393,473. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of -85.77, a PEG ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The business has a fifty day simple moving average of $35.51 and a two-hundred day simple moving average of $45.79.

Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The company had revenue of $262.91 million during the quarter, compared to analysts' expectations of $250.96 million. During the same quarter in the previous year, the company earned $0.22 EPS. Global-E Online's revenue was up 41.8% on a year-over-year basis. On average, equities analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GLBE has been the topic of several recent analyst reports. UBS Group decreased their price target on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Piper Sandler reduced their target price on shares of Global-E Online from $62.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group dropped their target price on shares of 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. Wells Fargo & Company reduced 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 research report on Wednesday, March 5th. Finally, Benchmark dropped 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 report on Thursday, February 20th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, Global-E Online has an average rating of "Buy" and an average target price of $51.33.

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.