Ampersand Capital Group L.P. raised its holdings in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 27.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 683,265 shares of the company's stock after buying an additional 147,368 shares during the quarter. Global-e Online accounts for about 16.8% of Ampersand Capital Group L.P.'s investment portfolio, making the stock its 2nd largest position. Ampersand Capital Group L.P. owned about 0.40% of Global-e Online worth $24,358,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of GLBE. Contour Asset Management LLC increased its position in shares of Global-e Online by 17.8% during the first quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company's stock valued at $111,203,000 after purchasing an additional 472,380 shares during the period. Royal Bank of Canada lifted its position in Global-e Online by 87.4% in the first quarter. Royal Bank of Canada now owns 75,286 shares of the company's stock worth $2,684,000 after purchasing an additional 35,120 shares during the period. Graham Capital Management L.P. bought a new position in Global-e Online in the first quarter worth $2,187,000. Vident Advisory LLC lifted its position in Global-e Online by 15.9% in the first quarter. Vident Advisory LLC now owns 8,736 shares of the company's stock worth $311,000 after purchasing an additional 1,200 shares during the period. Finally, Magnetar Financial LLC bought a new position in Global-e Online in the first quarter worth $7,029,000. Institutional investors own 94.60% of the company's stock.
Global-e Online Stock Up 2.1%
GLBE traded up $0.72 during trading on Friday, hitting $35.78. The company's stock had a trading volume of 2,077,806 shares, compared to its average volume of 1,915,298. The firm's 50 day moving average price is $33.26 and its two-hundred day moving average price is $34.72. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of -210.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24.
Global-e Online (NASDAQ:GLBE - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $207.95 million. During the same quarter in the previous year, the company posted ($0.13) EPS. The business'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, sell-side analysts forecast that Global-e Online Ltd. will post 0.25 earnings per share for the current year.
Global-e Online declared that its Board of Directors has initiated a stock buyback plan on Thursday, September 4th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy up to 3.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Analysts Set New Price Targets
GLBE has been the subject of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a research report on Thursday, May 15th. Truist Financial raised their target price 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. Wells Fargo & Company reduced 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. Benchmark cut their target price on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, JMP Securities restated a "market outperform" rating and set a $64.00 target price on shares of Global-e Online in a research report on Thursday, May 15th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Global-e Online has a consensus rating of "Moderate Buy" and an average target price of $48.33.
Check Out Our Latest Stock Report on Global-e Online
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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