Russell Investments Group Ltd. raised its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 57.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,098 shares of the company's stock after buying an additional 28,196 shares during the quarter. Russell Investments Group Ltd.'s holdings in Global-e Online were worth $2,749,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. 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 worth $231,178,000 after buying an additional 2,847,868 shares during the last quarter. Contour Asset Management LLC lifted its holdings in shares of Global-e Online by 9.1% during the fourth 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 last quarter. Spyglass Capital Management LLC lifted its holdings in shares of Global-e Online by 6.8% during the fourth quarter. Spyglass Capital Management LLC now owns 1,487,335 shares of the company's stock worth $81,104,000 after buying an additional 94,664 shares during the last quarter. Jennison Associates LLC lifted 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 during the last quarter. Finally, Barton Investment Management lifted its holdings in shares of Global-e Online by 3.4% during the first quarter. Barton Investment Management now owns 1,036,767 shares of the company's stock worth $36,961,000 after buying an additional 34,080 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Global-e Online Trading Down 2.0%
Global-e Online stock traded down $0.69 during mid-day trading on Friday, hitting $33.49. The stock had a trading volume of 532,406 shares, compared to its average volume of 1,889,503. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The stock has a market capitalization of $5.68 billion, a PE ratio of -197.35, a P/E/G ratio of 1.76 and a beta of 1.24. The stock has a 50-day simple moving average of $33.02 and a two-hundred day simple moving average of $35.90.
Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $207.95 million. During the same quarter last year, the business earned ($0.13) earnings per share. The company's 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. Sell-side analysts expect that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently commented on GLBE. Truist Financial upped their price target on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a report on Thursday, July 17th. JMP Securities restated a "market outperform" rating and issued a $64.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. 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. Piper Sandler reiterated an "overweight" rating and set a $42.00 price target on shares of Global-e Online in a research note on Wednesday, May 14th. Finally, Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research note on Friday, August 8th. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.33.
Check Out Our Latest Stock Analysis on Global-e Online
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.
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