Amundi Has $950,000 Stock Holdings in Global-e Online Ltd. $GLBE

Amundi decreased its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 79.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,800 shares of the company's stock after selling 116,923 shares during the quarter. Amundi's holdings in Global-e Online were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Wasatch Advisors LP lifted its position in Global-e Online by 34.0% in the 1st quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company's stock worth $199,247,000 after buying an additional 1,637,482 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Global-e Online by 68.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company's stock valued at $230,842,000 after acquiring an additional 2,387,242 shares in the last quarter. Contour Asset Management LLC increased its stake in shares of Global-e Online by 4.6% in the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company's stock worth $190,342,000 after acquiring an additional 211,034 shares during the last quarter. Arohi Asset Management PTE Ltd. increased its stake in shares of Global-e Online by 0.6% in the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company's stock worth $148,604,000 after acquiring an additional 23,213 shares during the last quarter. Finally, Brown Capital Management LLC raised its holdings in shares of Global-e Online by 0.6% during the fourth quarter. Brown Capital Management LLC now owns 2,404,856 shares of the company's stock worth $94,535,000 after acquiring an additional 15,014 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Global-e Online news, CEO Amir Schlachet sold 58,331 shares of the business's stock in a transaction on Friday, June 26th. The shares were sold at an average price of $36.21, for a total transaction of $2,112,165.51. Following the completion of the transaction, the chief executive officer owned 4,141,727 shares of the company's stock, valued at $149,971,934.67. The trade was a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Shahar Tamari sold 28,623 shares of the business's stock in a transaction on Friday, June 26th. The stock was sold at an average price of $36.02, for a total transaction of $1,031,000.46. Following the transaction, the chief operating officer directly owned 3,956,685 shares of the company's stock, valued at approximately $142,519,793.70. This represents a 0.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 356,637 shares of company stock worth $12,761,235 in the last quarter. 11.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GLBE has been the subject of a number of research reports. Raymond James Financial reissued an "outperform" rating and set a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. Truist Financial raised their price target on Global-e Online from $39.00 to $41.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded Global-e Online to an "accumulate" rating in a report on Wednesday, May 27th. Finally, Piper Sandler reissued an "overweight" rating and issued a $48.00 price target on shares of Global-e Online in a research note on Wednesday, July 29th. Thirteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.83.

Global-e Online Stock Performance

GLBE opened at $42.32 on Friday. The company has a market cap of $7.18 billion, a PE ratio of 65.11 and a beta of 1.03. The stock has a 50-day moving average of $35.96 and a 200-day moving average of $33.87. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $42.51.

Global-e Online Profile

Global-e Online Ltd. NASDAQ: GLBE is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company's cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e's offering is a comprehensive suite of services that includes customizable checkout in the buyer's local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.

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