Menora Mivtachim Holdings LTD. purchased a new stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,370 shares of the company's stock, valued at approximately $691,000.
Other hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in Global-e Online in the 1st quarter valued at about $1,165,000. Sphera Management Technology Funds Ltd acquired a new position in Global-e Online during the fourth quarter worth approximately $1,636,000. Ethic Inc. acquired a new position in Global-e Online during the fourth quarter worth approximately $428,000. Noked Israel Ltd grew its stake in shares of Global-e Online by 68.5% in the 4th quarter. Noked Israel Ltd now owns 252,818 shares of the company's stock valued at $13,786,000 after purchasing an additional 102,818 shares during the last quarter. Finally, Barton Investment Management grew its stake in shares of Global-e Online by 3.4% in the 1st quarter. Barton Investment Management now owns 1,036,767 shares of the company's stock valued at $36,961,000 after purchasing an additional 34,080 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.
Global-e Online Trading Down 2.9%
NASDAQ GLBE traded down $0.96 on Tuesday, hitting $31.59. 1,545,682 shares of the stock traded hands, compared to its average volume of 1,819,598. The stock has a 50-day moving average of $32.99 and a 200 day moving average of $37.09. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69.
Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $207.95 million. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Global-e Online's revenue for the quarter was up 27.9% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts anticipate 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 a number of analyst reports. Benchmark decreased their price target on Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Truist Financial lifted their price objective on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a report on Thursday, July 17th. Wells Fargo & Company cut their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Raymond James Financial cut their price target on Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 14th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $48.33.
Read Our Latest Report on Global-e Online
Global-e Online Company Profile
(
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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