Fjarde AP Fonden Fourth Swedish National Pension Fund Has $1.48 Million Stake in Global-e Online Ltd. $GLBE

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund significantly increased its stake in Global-e Online Ltd. by 35% during the first quarter, bringing its total holdings to $1.48 million.
• Multiple institutional investors, including Fred Alger Management and Jennison Associates, have also made significant investments in Global-e Online, contributing to institutional ownership of 94.60%.
• Global-e Online reported a 27.9% year-over-year revenue increase for the quarter, with earnings per share of $0.06, exceeding analyst expectations of $0.02.

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 35.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 41,546 shares of the company's stock after acquiring an additional 10,778 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Global-e Online were worth $1,481,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of GLBE. Envestnet Asset Management Inc. lifted its holdings in shares of Global-e Online by 471.9% in the fourth 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 in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Global-e Online in the fourth quarter valued at $480,000. Raymond James Financial Inc. purchased a new stake in shares of Global-e Online in the fourth quarter valued at $2,868,000. Barclays PLC lifted its holdings in shares of Global-e Online by 132.7% in the fourth 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 in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Global-e Online by 951.2% in the fourth quarter. Marshall Wace LLP now owns 437,421 shares of the company's stock valued at $23,853,000 after purchasing an additional 395,809 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.

Global-e Online Trading Up 5.1%

Global-e Online stock traded up $1.62 during mid-day trading on Friday, hitting $33.28. 1,236,570 shares of the company's stock were exchanged, compared to its average volume of 1,941,968. The stock has a market cap of $5.65 billion, a P/E ratio of -195.76, a P/E/G ratio of 1.86 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. The stock has a 50 day moving average of $32.89 and a two-hundred day moving average of $36.49.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted 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 period in the prior year, the business posted ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GLBE shares. Zacks Research upgraded Global-e Online to a "hold" rating in a report on Friday, August 8th. Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a report on Thursday, May 15th. Benchmark reduced their target price on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $42.00 price target on shares of Global-e Online in a research note on Wednesday, May 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $64.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $48.33.

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.