Jump Financial LLC Increases Stock Position in Global-e Online Ltd. $GLBE

Key Points

• Jump Financial LLC increased its holdings in Global-e Online Ltd. by 184.7% during Q1, owning 276,634 shares worth approximately $9.86 million.
• Several institutional investors have bought or increased their stakes, with 94.60% of the company's stock currently owned by such investors.
• Global-e Online reported a revenue increase of 27.9% year-over-year and earned $0.06 EPS for the quarter, exceeding analysts' estimates.

Jump Financial LLC boosted its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 184.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,634 shares of the company's stock after buying an additional 179,462 shares during the quarter. Jump Financial LLC owned approximately 0.16% of Global-e Online worth $9,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in Global-e Online in the 1st quarter valued at about $1,165,000. Sphera Management Technology Funds Ltd purchased a new position in Global-e Online in the 4th quarter valued at about $1,636,000. Ethic Inc. purchased a new position in Global-e Online in the 4th quarter worth approximately $428,000. Noked Israel Ltd lifted its stake in Global-e Online by 68.5% in the 4th quarter. Noked Israel Ltd now owns 252,818 shares of the company's stock worth $13,786,000 after purchasing an additional 102,818 shares in the last quarter. Finally, Barton Investment Management lifted 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 worth $36,961,000 after purchasing an additional 34,080 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GLBE. Piper Sandler reissued an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 14th. Truist Financial raised their target price on shares of Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research note on Thursday, July 17th. Benchmark decreased their target price on shares of Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company cut their price target on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Finally, Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Global-e Online in a report on Thursday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.33.

Global-e Online Stock Up 3.3%

GLBE stock traded up $1.10 during midday trading on Thursday, hitting $34.18. The company's stock had a trading volume of 1,536,384 shares, compared to its average volume of 1,898,102. The firm has a market capitalization of $5.80 billion, a P/E ratio of -201.06, a PEG ratio of 1.70 and a beta of 1.24. The firm has a 50-day simple moving average of $32.96 and a 200-day simple moving average of $36.09. Global-e Online Ltd. has a 52-week low of $26.64 and a 52-week high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $214.88 million during the quarter, compared to analysts' expectations 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 company's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online Company Profile

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.