Fox Run Management L.L.C. Grows Stock Holdings in Global-e Online Ltd. $GLBE

Key Points

• Fox Run Management L.L.C. has increased its stake in Global-e Online Ltd. by 154.5% during the first quarter, now holding shares worth $616,000.
• Wall Street analysts are generally optimistic, with a consensus rating of "Moderate Buy" and an average price target of $48.33 for Global-e Online stock.
• Global-e Online reported a revenue of $214.88 million for the last quarter, exceeding analyst estimates and showing a 27.9% year-over-year increase.

Fox Run Management L.L.C. grew its position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 154.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 17,282 shares of the company's stock after purchasing an additional 10,492 shares during the quarter. Fox Run Management L.L.C.'s holdings in Global-e Online were worth $616,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Fred Alger Management LLC lifted its holdings in shares of Global-e Online by 204.6% during the fourth quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company's stock valued at $231,178,000 after acquiring an additional 2,847,868 shares during the period. Contour Asset Management LLC raised its stake in Global-e Online by 9.1% during the 4th quarter. Contour Asset Management LLC now owns 2,646,906 shares of the company's stock worth $144,336,000 after buying an additional 220,519 shares during the period. Spyglass Capital Management LLC lifted its stake in Global-e Online by 6.8% in the fourth quarter. Spyglass Capital Management LLC now owns 1,487,335 shares of the company's stock valued at $81,104,000 after buying an additional 94,664 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Global-e Online by 33,950.1% during the first quarter. Jennison Associates LLC now owns 1,418,526 shares of the company's stock worth $50,570,000 after buying an additional 1,414,360 shares in the last quarter. Finally, Barton Investment Management increased its stake in Global-e Online by 3.4% in the 1st quarter. Barton Investment Management now owns 1,036,767 shares of the company's stock valued at $36,961,000 after buying an additional 34,080 shares during the last quarter. Institutional investors own 94.60% of the company's stock.

Global-e Online Trading Up 3.6%

GLBE traded up $1.1280 during trading hours on Friday, hitting $32.7880. The company's stock had a trading volume of 327,654 shares, compared to its average volume of 1,907,599. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The business's 50-day moving average price is $32.87 and its 200-day moving average price is $36.83. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of -193.15, a P/E/G ratio of 1.78 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released 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. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The company had revenue of $214.88 million for the quarter, compared to analyst estimates of $207.95 million. During the same quarter in the prior year, the firm posted ($0.13) EPS. 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. On average, analysts forecast that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

GLBE has been the topic of a number of analyst reports. Piper Sandler reissued an "overweight" rating and set a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 14th. Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Global-e Online in a report on Thursday, May 15th. Raymond James Financial lowered their price objective on Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. JMP Securities restated a "market outperform" rating and set a $64.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Finally, Truist Financial upped their target price 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 equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Global-e Online presently has a consensus rating of "Moderate Buy" and an average target price 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.