Contour Asset Management LLC lifted its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,646,906 shares of the company's stock after acquiring an additional 220,519 shares during the quarter. Global-E Online accounts for about 4.2% of Contour Asset Management LLC's holdings, making the stock its 13th largest position. Contour Asset Management LLC owned about 1.61% of Global-E Online worth $144,336,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. TimesSquare Capital Management LLC boosted its holdings in shares of Global-E Online by 6.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company's stock worth $42,043,000 after purchasing an additional 45,739 shares in the last quarter. Meitav Investment House Ltd. purchased a new position in shares of Global-E Online in the 4th quarter worth about $454,000. Amundi boosted its holdings in shares of 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 in the last quarter. Aigen Investment Management LP purchased a new position in shares of Global-E Online in the 4th quarter worth about $802,000. Finally, Mount Yale Investment Advisors LLC boosted its holdings in shares of Global-E Online by 143.8% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company's stock worth $1,118,000 after purchasing an additional 12,094 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.
Global-E Online Stock Up 7.5%
Shares of Global-E Online stock traded up $2.84 during mid-day trading on Monday, reaching $40.67. 1,462,143 shares of the stock traded hands, compared to its average volume of 1,393,420. The business has a 50-day moving average of $35.51 and a 200 day moving average of $45.90. Global-E Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The stock has a market capitalization of $6.88 billion, a PE ratio of -92.40, a PEG ratio of 4.61 and a beta of 1.36.
Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $262.91 million during the quarter, compared to analysts' expectations of $250.96 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm's quarterly revenue was up 41.8% compared to the same quarter last year. On average, equities research analysts expect that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Benchmark lowered their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group dropped their price target on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Piper Sandler lowered their target price on Global-E Online from $62.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, KeyCorp reduced their target price on Global-E Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $51.33.
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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