Global-e Online Ltd. $GLBE Stock Position Raised 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 raised its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 147.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,034 shares of the company's stock after purchasing an additional 122,780 shares during the period. Canada Pension Plan Investment Board owned about 0.12% of Global-e Online worth $7,345,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fred Alger Management LLC boosted its position in Global-e Online by 204.6% during the 4th quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company's stock valued at $231,178,000 after purchasing an additional 2,847,868 shares during the period. Jennison Associates LLC boosted its position in shares of Global-e Online by 33,950.1% during the first quarter. Jennison Associates LLC now owns 1,418,526 shares of the company's stock worth $50,570,000 after buying an additional 1,414,360 shares during the period. Arohi Asset Management PTE Ltd. boosted its position in shares of Global-e Online by 130.5% during the first quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company's stock worth $52,681,000 after buying an additional 836,522 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Global-e Online by 149.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company's stock worth $44,491,000 after buying an additional 748,608 shares during the period. Finally, Deepwater Asset Management LLC acquired a new position in shares of Global-e Online during the first quarter worth approximately $12,493,000. Institutional investors own 94.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GLBE. Benchmark reduced their price objective on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Piper Sandler reiterated an "overweight" rating and set a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 14th. Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research report on Friday, August 8th. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Finally, Raymond James Financial dropped their price target on shares of Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Eleven equities 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.

Global-e Online Trading Down 1.6%

NASDAQ:GLBE traded down $0.59 during mid-day trading on Monday, reaching $35.19. 499,520 shares of the stock were exchanged, compared to its average volume of 1,880,222. The business has a fifty day moving average price of $33.26 and a 200 day moving average price of $34.53. The firm has a market capitalization of $5.97 billion, a PE ratio of -207.72, a PEG ratio of 1.91 and a beta of 1.24. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $214.88 million for the quarter, compared to analyst estimates of $207.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.Global-e Online's revenue was up 27.9% compared to the same quarter last year. During the same period 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. On average, sell-side analysts forecast that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online announced that its board has authorized a stock repurchase program on Thursday, September 4th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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.