Deutsche Bank AG trimmed its position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 21.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 121,040 shares of the company's stock after selling 33,584 shares during the period. Deutsche Bank AG owned 0.07% of Global-e Online worth $4,315,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of GLBE. 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 acquiring an additional 50,790 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Global-e Online in the 4th quarter valued at $480,000. Raymond James Financial Inc. bought a new position in shares of Global-e Online in the 4th quarter valued at $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 acquiring an additional 39,324 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Global-e Online by 951.2% in the 4th quarter. Marshall Wace LLP now owns 437,421 shares of the company's stock valued at $23,853,000 after acquiring an additional 395,809 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors.
Global-e Online Stock Up 3.4%
Global-e Online stock traded up $1.0840 during trading hours on Friday, reaching $32.7440. 132,070 shares of the company's stock were exchanged, compared to its average volume of 1,906,615. The firm's 50 day simple moving average is $32.87 and its 200 day simple moving average is $36.83. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The firm has a market capitalization of $5.56 billion, a PE ratio of -192.80, a PEG ratio of 1.78 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm had revenue of $214.88 million during the quarter, compared to the consensus estimate of $207.95 million. During the same period last year, the business posted ($0.13) EPS. The business's 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. Analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on GLBE shares. Raymond James Financial dropped their price target on Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Truist Financial increased their price objective on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Wells Fargo & Company decreased their price objective on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Piper Sandler restated an "overweight" rating and issued a $42.00 price objective on shares of Global-e Online in a report on Wednesday, May 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 price objective on shares of Global-e Online in a report on Thursday, May 15th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.33.
Read Our Latest Analysis on Global-e Online
About Global-e Online
(
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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