363,459 Shares in Global-e Online Ltd. $GLBE Purchased by Annex Advisory Services LLC

Key Points

• Annex Advisory Services LLC has made a new investment of $12.19 million in Global-e Online Ltd., acquiring 363,459 shares during the second quarter.
• Global-e Online has a consensus rating of "Moderate Buy" from analysts with a price target of $48.33, indicating optimism about its future performance.
• The company's share buyback plan authorizes the repurchase of $200 million worth of shares, reflecting management's belief that the stock is undervalued.

Annex Advisory Services LLC bought a new stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 363,459 shares of the company's stock, valued at approximately $12,190,000. Annex Advisory Services LLC owned approximately 0.21% of Global-e Online as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in Global-e Online by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company's stock valued at $170,045,000 after buying an additional 308,218 shares in the last quarter. Contour Asset Management LLC grew its holdings in Global-e Online by 17.8% in the 1st quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company's stock valued at $111,203,000 after buying an additional 472,380 shares in the last quarter. Arohi Asset Management PTE Ltd. grew its holdings in Global-e Online by 130.5% in the 1st quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company's stock valued at $52,681,000 after buying an additional 836,522 shares in the last quarter. Jennison Associates LLC grew its holdings in Global-e Online by 33,950.1% in the 1st quarter. Jennison Associates LLC now owns 1,418,526 shares of the company's stock valued at $50,570,000 after buying an additional 1,414,360 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Global-e Online by 149.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company's stock valued at $44,491,000 after buying an additional 748,608 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Stock Performance

Shares of NASDAQ GLBE traded down $0.73 during mid-day trading on Tuesday, reaching $36.92. 1,049,172 shares of the company's stock were exchanged, compared to its average volume of 1,862,102. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of -216.64, a PEG ratio of 1.96 and a beta of 1.24. Global-e Online Ltd. has a 52-week low of $26.64 and a 52-week high of $63.69. The company's 50-day moving average is $33.98 and its 200-day moving average is $34.11.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $207.95 million. During the same quarter in the prior year, the company earned ($0.13) EPS. Global-e Online's revenue was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online declared that its board has initiated a stock buyback program on Thursday, September 4th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research upgraded Global-e Online to a "hold" rating in a report on Friday, August 8th. Truist Financial upped their target price on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Eleven research 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. Based on data from MarketBeat, Global-e Online has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.

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.