Y Intercept Hong Kong Ltd Purchases Shares of 32,669 Global-e Online Ltd. (NASDAQ:GLBE)

Y Intercept Hong Kong Ltd acquired a new position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,669 shares of the company's stock, valued at approximately $1,165,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in shares of Global-e Online in the first quarter worth $36,000. Siemens Fonds Invest GmbH acquired a new stake in shares of Global-e Online in the fourth quarter worth $124,000. State of Tennessee Department of Treasury acquired a new stake in shares of Global-e Online in the fourth quarter worth $199,000. TD Waterhouse Canada Inc. increased its stake in shares of Global-e Online by 52.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,745 shares of the company's stock worth $204,000 after acquiring an additional 1,287 shares during the period. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Global-e Online in the fourth quarter worth $216,000. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-e Online Stock Performance

Shares of NASDAQ:GLBE traded up $0.42 during midday trading on Friday, hitting $34.69. The company's stock had a trading volume of 706,529 shares, compared to its average volume of 1,368,044. The business's 50 day simple moving average is $32.84 and its 200 day simple moving average is $39.95. The company has a market cap of $5.89 billion, a P/E ratio of -96.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. Global-e Online had a negative net margin of 7.70% and a negative return on equity of 6.96%. The company had revenue of $189.88 million for the quarter, compared to the consensus estimate of $187.84 million. During the same period in the previous year, the firm earned ($0.19) earnings per share. Global-e Online's quarterly revenue was up 30.2% compared to the same quarter last year. On average, sell-side analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on GLBE shares. KeyCorp dropped their price target on shares of Global-e Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Truist Financial raised their price target on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research report on Thursday, July 17th. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Wells Fargo & Company dropped their price target on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Finally, Raymond James Financial dropped their price target on shares of Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Global-e Online presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.08.

Global-e Online Profile

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.