Global-e Online Ltd. $GLBE is Arohi Asset Management PTE Ltd.'s 2nd Largest Position

Key Points

• Arohi Asset Management PTE Ltd. increased its stake in Global-e Online Ltd. by 130.5%, acquiring an additional 836,522 shares, making up 17.7% of its total holdings in the company.
• Several hedge funds have also modified their positions in Global-e Online, with 94.60% of the company's stock now owned by institutional investors.
• Analysts maintain a Moderate Buy rating for Global-e Online, with an average target price of $48.33, following a recent earnings report that beat revenue expectations.

Arohi Asset Management PTE Ltd. boosted its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 130.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,477,728 shares of the company's stock after purchasing an additional 836,522 shares during the quarter. Global-e Online comprises about 17.7% of Arohi Asset Management PTE Ltd.'s holdings, making the stock its 2nd biggest position. Arohi Asset Management PTE Ltd. owned 0.87% of Global-e Online worth $52,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Voya Investment Management LLC lifted its position in shares of Global-e Online by 1.3% during the fourth quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock valued at $930,000 after purchasing an additional 227 shares in the last quarter. Mackenzie Financial Corp raised its position in Global-e Online by 7.1% in the fourth quarter. Mackenzie Financial Corp now owns 6,740 shares of the company's stock worth $368,000 after acquiring an additional 448 shares during the period. Pacer Advisors Inc. raised its position in Global-e Online by 52.9% in the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock worth $50,000 after acquiring an additional 488 shares during the period. Yousif Capital Management LLC raised its position in Global-e Online by 10.7% in the first quarter. Yousif Capital Management LLC now owns 6,054 shares of the company's stock worth $216,000 after acquiring an additional 584 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Global-e Online by 1.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 36,505 shares of the company's stock worth $1,991,000 after acquiring an additional 630 shares during the period. 94.60% of the stock is owned by institutional investors.

Global-e Online Stock Up 2.4%

NASDAQ:GLBE traded up $0.78 during mid-day trading on Wednesday, hitting $33.93. 463,197 shares of the stock traded hands, compared to its average volume of 1,879,693. The business's 50-day moving average price is $33.12 and its 200 day moving average price is $35.11. The company has a market cap of $5.76 billion, a PE ratio of -199.18, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. 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 issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $214.88 million during the quarter, compared to analysts' expectations of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. Global-e Online's revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial lifted their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research report on Thursday, July 17th. Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research note on Friday, August 8th. Wells Fargo & Company reduced their target price on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $64.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Global-e Online currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.

Global-e Online Company 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.