Global-e Online Ltd. $GLBE Holdings Boosted by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its investment in Global-e Online Ltd. by 147.5%, owning $7.35 million worth of shares after acquiring an additional 122,780 shares.
• Global-e Online's recent quarterly earnings surpassed expectations, reporting $0.06 earnings per share and a revenue of $214.88 million, a 27.9% increase year-over-year.
• Research analysts have mixed opinions on the stock, with a consensus rating of "Moderate Buy" and an average price target set at $48.33.

Canada Pension Plan Investment Board lifted its position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 147.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,034 shares of the company's stock after buying an additional 122,780 shares during the period. Canada Pension Plan Investment Board owned approximately 0.12% of Global-e Online worth $7,345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GLBE. State of Tennessee Department of Treasury acquired a new stake in Global-e Online in the 4th quarter valued at $199,000. Price T Rowe Associates Inc. MD increased its holdings in Global-e Online by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,157 shares of the company's stock valued at $3,281,000 after purchasing an additional 8,711 shares in the last quarter. Voya Investment Management LLC increased its holdings in Global-e Online by 1.3% in the 4th 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. Tudor Investment Corp ET AL acquired a new stake in Global-e Online in the 4th quarter valued at $270,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Global-e Online by 1.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 36,505 shares of the company's stock valued at $1,991,000 after purchasing an additional 630 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Stock Up 2.1%

Shares of Global-e Online stock traded up $0.72 during trading hours on Friday, hitting $35.78. 2,077,806 shares of the company's stock traded hands, compared to its average volume of 1,915,298. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The stock has a 50 day simple moving average of $33.26 and a 200-day simple moving average of $34.61. The company has a market cap of $6.07 billion, a PE ratio of -210.47, a PEG ratio of 1.91 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The business had revenue of $214.88 million for the quarter, compared to analysts' expectations of $207.95 million. During the same quarter last year, the company posted ($0.13) earnings per share. The company's quarterly revenue 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. As a group, equities research analysts predict that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online declared that its Board of Directors has approved a stock repurchase program on Thursday, September 4th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler reiterated an "overweight" rating and issued a $42.00 price target on shares of Global-e Online in a report on Wednesday, May 14th. JMP Securities reiterated a "market outperform" rating and issued a $64.00 price target on shares of Global-e Online in a report on Thursday, May 15th. Benchmark lowered their price target on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of Global-e Online in a report on Thursday, May 15th. Finally, Zacks Research upgraded Global-e Online to a "hold" rating in a research note on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.33.

About Global-e Online

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.