Deepwater Asset Management LLC bought a new stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 350,438 shares of the company's stock, valued at approximately $12,493,000. Global-e Online accounts for approximately 5.3% of Deepwater Asset Management LLC's portfolio, making the stock its 11th biggest position. Deepwater Asset Management LLC owned approximately 0.21% of Global-e Online at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of GLBE. Voya Investment Management LLC increased its stake in shares of Global-e Online by 1.3% in the 4th quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock worth $930,000 after purchasing an additional 227 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of 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 purchasing an additional 448 shares during the period. Pacer Advisors Inc. boosted its position in shares of 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 purchasing an additional 488 shares during the period. Yousif Capital Management LLC boosted its position in shares of 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 purchasing an additional 584 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of 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 purchasing an additional 630 shares during the period. Institutional investors own 94.60% of the company's stock.
Analyst Upgrades and Downgrades
GLBE has been the subject of a number of recent analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $42.00 price target on shares of Global-e Online in a research 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 research report on Thursday, May 15th. Raymond James Financial dropped their price target on shares of Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research report on Friday, August 8th. Finally, Truist Financial boosted their price target on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a report on Thursday, July 17th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.33.
View Our Latest Analysis on GLBE
Global-e Online Price Performance
Shares of GLBE stock traded up $0.25 during trading hours on Wednesday, hitting $31.84. The stock had a trading volume of 1,465,704 shares, compared to its average volume of 1,859,225. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The stock's 50-day moving average price is $32.90 and its two-hundred day moving average price is $37.02. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of -187.29, a PEG ratio of 1.76 and a beta of 1.24.
Global-e Online (NASDAQ:GLBE - Get Free Report) last released 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. 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 during the quarter, compared to analyst estimates of $207.95 million. During the same quarter last year, the business earned ($0.13) earnings per share. Global-e Online'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 earnings per share for the current fiscal year.
Global-e Online Company Profile
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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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