Global-e Online Ltd. $GLBE Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Global-e Online Ltd. (GLBE) by 39.9% during the second quarter, now owning a total of 71,819 shares valued at approximately $2.41 million.
• Analysts have mixed ratings on Global-e Online, with an average rating of "Moderate Buy" and a consensus target price of $48.33.
• The company's share repurchase program, authorized for $200 million, indicates that the board believes the stock is undervalued.

Public Employees Retirement System of Ohio raised its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 39.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,819 shares of the company's stock after purchasing an additional 20,500 shares during the period. Public Employees Retirement System of Ohio's holdings in Global-e Online were worth $2,409,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Annex Advisory Services LLC acquired a new position in shares of Global-e Online during the second quarter worth $12,190,000. Moody National Bank Trust Division purchased a new stake in shares of Global-e Online during the second quarter valued at $2,062,000. Rhumbline Advisers grew its holdings in shares of Global-e Online by 8.1% during the first quarter. Rhumbline Advisers now owns 33,952 shares of the company's stock valued at $1,210,000 after buying an additional 2,534 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after buying an additional 528 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of Global-e Online during the first quarter valued at $611,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLBE has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Zacks Research raised shares of Global-e Online to a "hold" rating in a report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.33.

Global-e Online Stock Performance

NASDAQ:GLBE opened at $36.57 on Friday. The firm's fifty day moving average is $34.41 and its two-hundred day moving average is $34.12. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of -215.12, a PEG ratio of 1.86 and a beta of 1.25. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $214.88 million during 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 company's revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, equities research analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online declared that its Board of Directors has authorized a share repurchase program on Thursday, September 4th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 3.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Global-e Online 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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