Global-e Online Ltd. $GLBE Position Raised by Barton Investment Management

Key Points

• Barton Investment Management increased its stake in Global-e Online Ltd. by 4.1% during the second quarter, owning approximately 1,079,377 shares worth about $36.2 million.
• The company reported earnings of $0.06 EPS for the last quarter, surpassing analysts' expectations, with revenues up 27.9% year-over-year.
• Global-e Online has initiated a $200 million stock repurchase program, indicating management's belief that the stock is undervalued.

Barton Investment Management lifted its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,079,377 shares of the company's stock after buying an additional 42,610 shares during the period. Global-e Online makes up 3.8% of Barton Investment Management's portfolio, making the stock its 5th biggest position. Barton Investment Management owned about 0.64% of Global-e Online worth $36,202,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Berbice Capital Management LLC bought a new position in Global-e Online in the first quarter valued at about $36,000. Assetmark Inc. bought a new position in Global-e Online in the first quarter valued at about $45,000. Geneos Wealth Management Inc. lifted its holdings in Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after acquiring an additional 528 shares during the period. Pacer Advisors Inc. lifted its holdings in Global-e Online by 52.9% in the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after acquiring an additional 488 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Global-e Online in the first quarter valued at about $68,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-e Online Stock Up 4.9%

NASDAQ GLBE opened at $36.57 on Friday. Global-e Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69. The stock's 50-day moving average price is $34.41 and its 200-day moving average price is $34.12. The company has a market capitalization of $6.21 billion, a P/E ratio of -215.12, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its earnings results 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. 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 analysts' expectations of $207.95 million. During the same quarter last year, the business posted ($0.13) earnings per share. The firm's revenue was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online announced that its board has initiated a stock repurchase program on Thursday, September 4th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on GLBE shares. Zacks Research raised Global-e Online to a "hold" rating in a report on Friday, August 8th. Truist Financial increased their target price on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating, one has given 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.

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.

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