Caption Management LLC Purchases New Position in Global-E Online Ltd. (NASDAQ:GLBE)

Caption Management LLC bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,568 shares of the company's stock, valued at approximately $413,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC boosted its holdings in Global-E Online by 1.5% in the 4th quarter. Clearbridge Investments LLC now owns 2,268,618 shares of the company's stock worth $123,708,000 after buying an additional 34,391 shares during the period. American Century Companies Inc. boosted its stake in shares of Global-E Online by 9.1% in the fourth quarter. American Century Companies Inc. now owns 1,209,833 shares of the company's stock worth $65,972,000 after acquiring an additional 100,445 shares during the period. Geode Capital Management LLC grew its position in shares of Global-E Online by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 972,025 shares of the company's stock worth $52,809,000 after purchasing an additional 38,549 shares in the last quarter. Wellington Management Group LLP raised its stake in Global-E Online by 3.5% during the 4th quarter. Wellington Management Group LLP now owns 923,051 shares of the company's stock valued at $50,334,000 after purchasing an additional 31,019 shares during the period. Finally, Bank of America Corp DE lifted 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 worth $47,303,000 after purchasing an additional 277,788 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GLBE shares. Benchmark reduced their price objective 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 Thursday, February 20th. Needham & Company LLC decreased their price target on shares of Global-E Online from $64.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Global-E Online from $60.00 to $54.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group decreased 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. Finally, Piper Sandler cut their price target on Global-E Online from $62.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $51.33.

Global-E Online Price Performance

Shares of GLBE traded up $0.21 during midday trading on Friday, hitting $37.74. The stock had a trading volume of 1,249,171 shares, compared to its average volume of 1,393,002. The stock's 50 day moving average is $35.51 and its 200 day moving average is $45.85. The firm has a market cap of $6.38 billion, a PE ratio of -85.77, 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.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The firm's revenue for the quarter was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities research analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

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.