Capital Fund Management S.A. Has $5.01 Million Position in Global-e Online Ltd. $GLBE

Key Points

• Capital Fund Management S.A. increased its stake in Global-e Online Ltd. by 6.0%, acquiring 7,969 shares during the first quarter, resulting in a total ownership of 140,519 shares valued at approximately $5 million.
• Significant investments from other hedge funds include a 204.6% increase by Fred Alger Management and a remarkable 33,950.1% increase by Jennison Associates in their respective holdings of Global-e Online during the last quarter.
• Global-e Online reported a revenue increase of 27.9% year-over-year, with Q2 earnings surpassing analysts' estimates, posting $0.06 per share compared to the expected $0.02.

Capital Fund Management S.A. raised its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,519 shares of the company's stock after buying an additional 7,969 shares during the period. Capital Fund Management S.A. owned about 0.08% of Global-e Online worth $5,010,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its holdings in Global-e Online by 51.3% during the first quarter. Hsbc Holdings PLC now owns 68,084 shares of the company's stock worth $2,406,000 after buying an additional 23,078 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Global-e Online by 1.7% during the first quarter. Wellington Management Group LLP now owns 938,463 shares of the company's stock worth $33,456,000 after buying an additional 15,412 shares in the last quarter. Northern Trust Corp boosted its stake in Global-e Online by 13.1% in the 1st quarter. Northern Trust Corp now owns 499,513 shares of the company's stock worth $17,808,000 after purchasing an additional 57,718 shares during the period. Raymond James Financial Inc. boosted its stake in Global-e Online by 207.6% in the 1st quarter. Raymond James Financial Inc. now owns 161,820 shares of the company's stock worth $5,769,000 after purchasing an additional 109,220 shares during the period. Finally, Menora Mivtachim Holdings LTD. acquired a new position in Global-e Online in the 1st quarter worth approximately $691,000. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Trading Up 3.5%

GLBE traded up $1.12 during trading on Wednesday, hitting $33.08. The stock had a trading volume of 1,043,040 shares, compared to its average volume of 1,897,206. The firm has a market cap of $5.61 billion, a PE ratio of -194.67, a P/E/G ratio of 1.72 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. The company has a 50 day simple moving average of $32.93 and a 200-day simple moving average of $36.11.

Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its 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. The firm had revenue of $214.88 million for the quarter, compared to the consensus estimate of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The business's quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GLBE has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $42.00 price objective on shares of Global-e Online in a research note on Wednesday, May 14th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a research report on Thursday, May 15th. Raymond James Financial cut 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 report on Thursday, May 15th. Benchmark cut their price target on shares of Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Zacks Research upgraded shares of Global-e Online to a "hold" rating in a report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.