American Century Companies Inc. Has $29.66 Million Stock Holdings in Global-e Online Ltd. $GLBE

Key Points

• American Century Companies Inc. reduced its stake in Global-e Online Ltd. by 31.2% during the first quarter, leaving it with approximately 0.49% ownership valued at $29.66 million.
• Global-e Online's stock has received mixed ratings from analysts, with a consensus of Moderate Buy and an average price target of $48.33.
• For the most recent quarter, Global-e Online reported earnings of $0.06 per share, surpassing expectations, while revenue increased by 27.9% year-over-year.

American Century Companies Inc. lessened its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 31.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 831,990 shares of the company's stock after selling 377,843 shares during the period. American Century Companies Inc. owned about 0.49% of Global-e Online worth $29,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GLBE. Deepwater Asset Management LLC bought a new stake in shares of Global-e Online in the 1st quarter worth approximately $12,493,000. Fox Run Management L.L.C. raised its stake 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 position in 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 worth $1,481,000 after purchasing an additional 10,778 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Global-e Online during the first quarter worth $68,000. Finally, Russell Investments Group Ltd. increased its holdings in Global-e Online by 57.7% in the 1st quarter. Russell Investments Group Ltd. now owns 77,098 shares of the company's stock valued at $2,749,000 after buying an additional 28,196 shares during the period. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Trading Up 5.1%

GLBE traded up $1.62 during trading on Friday, hitting $33.28. The company's stock had a trading volume of 1,236,570 shares, compared to its average volume of 1,968,523. The firm's 50 day moving average price is $32.89 and its two-hundred day moving average price is $36.49. 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 posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The firm had revenue of $214.88 million during the quarter, compared to analysts' expectations of $207.95 million. During the same quarter last year, the company posted ($0.13) EPS. The company's quarterly revenue 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. Analysts predict that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GLBE. Needham & Company LLC reiterated a "buy" rating and set a $40.00 target price on shares of Global-e Online in a research report on Thursday, May 15th. Piper Sandler reaffirmed an "overweight" rating and set a $42.00 price objective on shares of Global-e Online in a report on Wednesday, May 14th. Zacks Research upgraded Global-e Online to a "hold" rating in a research note on Friday, August 8th. Truist Financial increased their target price on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a report on Thursday, July 17th. Finally, Wells Fargo & Company cut their target price on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Eleven equities research 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. According to MarketBeat, Global-e Online presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.

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.