BNP Paribas Financial Markets purchased a new stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 192,924 shares of the company's stock, valued at approximately $10,520,000. BNP Paribas Financial Markets owned about 0.12% of Global-E Online as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp grew its position in Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after acquiring an additional 197 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Global-E Online by 1,968.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock valued at $43,000 after purchasing an additional 748 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Global-E Online in the 4th quarter valued at approximately $59,000. Whipplewood Advisors LLC bought a new stake in shares of Global-E Online during the 4th quarter valued at approximately $65,000. Finally, SBI Securities Co. Ltd. acquired a new position in Global-E Online during the 4th quarter worth approximately $99,000. Institutional investors and hedge funds own 94.60% of the company's stock.
Global-E Online Stock Performance
Shares of GLBE traded down $1.17 during mid-day trading on Thursday, reaching $33.11. 4,288,273 shares of the company were exchanged, compared to its average volume of 1,447,821. The business has a 50 day simple moving average of $35.50 and a two-hundred day simple moving average of $45.82. The stock has a market capitalization of $5.60 billion, a PE ratio of -75.25, a PEG ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The firm had revenue of $189.88 million during the quarter, compared to analyst estimates of $187.84 million. On average, analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.
Analysts Set New Price Targets
GLBE has been the topic of a number of research analyst reports. UBS Group cut 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 research report on Friday, February 21st. The Goldman Sachs Group cut 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. JMP Securities reaffirmed a "market outperform" rating and issued a $64.00 target price on shares of Global-E Online in a report on Thursday. KeyCorp dropped their target price on Global-E Online from $60.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Morgan Stanley upgraded Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock 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 stock has a consensus rating of "Buy" and a consensus price target of $49.42.
Check Out Our Latest Stock Analysis on GLBE
About Global-E Online
(
Free Report)
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.
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