Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 35.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in GLBE. Envestnet Asset Management Inc. increased its position in 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 buying an additional 50,790 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Global-e Online in the 4th quarter valued at about $480,000. Raymond James Financial Inc. bought a new stake in Global-e Online in the 4th quarter valued at about $2,868,000. Barclays PLC increased its position in 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 buying an additional 39,324 shares in the last quarter. Finally, Marshall Wace LLP increased its position in 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 buying an additional 395,809 shares in the last quarter. 94.60% of the stock is owned by institutional investors.
Global-e Online Trading Up 4.6%
Shares of NASDAQ GLBE traded up $1.4710 during mid-day trading on Friday, hitting $33.1310. The company had a trading volume of 817,632 shares, compared to its average volume of 1,910,878. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of -195.03, a P/E/G ratio of 1.78 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's 50-day moving average price is $32.87 and its 200-day moving average price is $36.83.
Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $214.88 million during the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Global-e Online Ltd. will post 0.25 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Truist Financial lifted their price target on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, July 17th. Zacks Research upgraded Global-e Online to a "hold" rating in a research note on Friday, August 8th. Wells Fargo & Company cut their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. JMP Securities reiterated a "market outperform" rating and set a $64.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. Eleven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.
Check Out Our Latest Stock Analysis on GLBE
Global-e Online 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.
Featured Articles
Before you consider Global-e Online, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global-e Online wasn't on the list.
While Global-e Online currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access