Annex Advisory Services LLC Acquires 250,625 Shares of Global-e Online Ltd. $GLBE

Key Points

• Annex Advisory Services LLC raised its stake in Global‑e by 64.4%, buying 250,625 shares to hold 640,016 shares (about 0.38% of the company) valued at roughly $25.16 million at the end of the quarter.
• Company insiders have been net sellers recently: COO Shahar Tamari and President Nir Debbi each sold ~4,000 shares, and insiders sold 70,504 shares totaling $2.33 million in the past 90 days, though insiders still own 11.6% of the stock.
• Wall Street sentiment is broadly positive with a consensus rating of Moderate Buy and an average price target of $47.58, backed by multiple Buy/Overweight analyst notes despite some trimmed targets.

Annex Advisory Services LLC grew its position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 64.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 640,016 shares of the company's stock after buying an additional 250,625 shares during the period. Annex Advisory Services LLC owned 0.38% of Global-e Online worth $25,159,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GLBE. Royal Bank of Canada lifted its position in shares of Global-e Online by 87.4% during the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company's stock valued at $2,684,000 after buying an additional 35,120 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Global-e Online by 17.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock valued at $1,948,000 after buying an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after buying an additional 528 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Global-e Online during the 2nd quarter valued at $5,428,000. Finally, Brown Advisory Inc. purchased a new position in shares of Global-e Online during the 2nd quarter valued at $726,000. Hedge funds and other institutional investors own 94.60% of the company's stock.

Insider Buying and Selling at Global-e Online

In other Global-e Online news, COO Shahar Tamari sold 4,007 shares of the firm's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $32.26, for a total value of $129,265.82. Following the sale, the chief operating officer owned 3,820,500 shares of the company's stock, valued at $123,249,330. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Nir Debbi sold 4,166 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $31.26, for a total value of $130,229.16. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,504 shares of company stock valued at $2,331,538 in the last 90 days. Corporate insiders own 11.60% of the company's stock.

Wall Street Analyst Weigh In

GLBE has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Global-e Online in a research report on Thursday, February 19th. KeyCorp dropped their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Bank of America initiated coverage on Global-e Online in a research report on Tuesday, March 31st. They set a "buy" rating and a $43.00 price target on the stock. UBS Group dropped their price target on Global-e Online from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, March 31st. Finally, Piper Sandler reissued an "overweight" rating on shares of Global-e Online in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $47.58.

Global-e Online Stock Performance

Shares of GLBE opened at $31.44 on Wednesday. The stock's 50-day simple moving average is $32.96 and its 200 day simple moving average is $35.84. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 84.97 and a beta of 1.28. Global-e Online Ltd. has a 52-week low of $27.80 and a 52-week high of $43.21.

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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