19,370 Shares in Global-e Online Ltd. $GLBE Bought by Menora Mivtachim Holdings LTD.

Key Points

• Menora Mivtachim Holdings LTD. purchased 19,370 shares of Global-e Online Ltd. (NASDAQ:GLBE), valued at approximately $691,000, during the first quarter.
• Global-e Online reported a 27.9% year-over-year increase in revenue, totaling $214.88 million for the quarter, surpassing expectations.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Global-e Online, with an average price target of $48.33.

Menora Mivtachim Holdings LTD. acquired a new position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,370 shares of the company's stock, valued at approximately $691,000.

A number of other institutional investors have also made changes to their positions in the stock. Deepwater Asset Management LLC bought a new position in Global-e Online during the first quarter worth about $12,493,000. Fox Run Management L.L.C. lifted its holdings in shares of Global-e Online by 154.5% in the first quarter. Fox Run Management L.L.C. now owns 17,282 shares of the company's stock valued at $616,000 after purchasing an additional 10,492 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Global-e Online by 35.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 41,546 shares of the company's stock valued at $1,481,000 after purchasing an additional 10,778 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Global-e Online in the first quarter valued at about $68,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Global-e Online by 57.7% in the first quarter. Russell Investments Group Ltd. now owns 77,098 shares of the company's stock valued at $2,749,000 after purchasing an additional 28,196 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GLBE. Raymond James Financial dropped their target price on Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. 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 report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Piper Sandler reiterated an "overweight" rating and set a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 14th. Finally, Truist Financial boosted their price target on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research report on Thursday, July 17th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $48.33.

Global-e Online Price Performance

NASDAQ:GLBE traded down $0.5610 during trading hours on Thursday, reaching $31.2790. 846,988 shares of the company were exchanged, compared to its average volume of 1,910,478. The business has a 50 day moving average of $32.90 and a 200 day moving average of $37.02. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The company has a market capitalization of $5.31 billion, a P/E ratio of -184.08, a P/E/G ratio of 1.76 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm had revenue of $214.88 million during the quarter, compared to analysts' expectations of $207.95 million. During the same period in the prior year, the company earned ($0.13) earnings per share. The company's quarterly revenue was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate 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.