Cresset Asset Management LLC lessened its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 36.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,716 shares of the company's stock after selling 50,748 shares during the period. Cresset Asset Management LLC owned about 0.05% of Global-e Online worth $3,091,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Global-e Online by 471.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 61,553 shares of the company's stock valued at $3,356,000 after purchasing an additional 50,790 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Global-e Online in the 4th quarter valued at about $480,000. Raymond James Financial Inc. acquired a new position in shares of Global-e Online in the 4th quarter valued at about $2,868,000. Barclays PLC lifted its stake in shares of Global-e Online by 132.7% in the 4th quarter. Barclays PLC now owns 68,960 shares of the company's stock valued at $3,760,000 after purchasing an additional 39,324 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of Global-e Online by 26.7% in the 4th quarter. MetLife Investment Management LLC now owns 11,399 shares of the company's stock valued at $622,000 after purchasing an additional 2,399 shares during the period. Institutional investors own 94.60% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on GLBE shares. Truist Financial upped their price target on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research note on Thursday, July 17th. Raymond James Financial dropped their price target on Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Wells Fargo & Company dropped their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. Finally, Benchmark dropped their price target on Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.33.
Read Our Latest Research Report on Global-e Online
Global-e Online Stock Performance
GLBE traded up $1.62 during midday trading on Friday, reaching $33.28. 1,236,570 shares of the company were exchanged, compared to its average volume of 1,941,968. The company's fifty day moving average price is $32.89 and its 200 day moving average price is $36.65. The company has a market cap of $5.65 billion, a price-to-earnings ratio of -195.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.24. Global-e Online Ltd. has a one year low of $26.64 and a one year 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, topping analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $214.88 million during 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%.The company's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the company 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.
Global-e Online Company Profile
(
Free Report)
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.
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