State of Wyoming Buys 9,687 Shares of Global-e Online Ltd. $GLBE

Key Points

• The State of Wyoming increased its stake in Global-e Online Ltd. by 119.1% in Q1, now owning 17,821 shares valued at approximately $635,000.
• Several institutional investors significantly boosted their holdings in Global-e Online, with Trexquant Investment LP raising its stake by 52.7% and T. Rowe Price Investment Management increasing theirs by 149.9%.
• The company reported $0.06 per share earnings in its latest quarterly results, surpassing analysts' expectations, with a revenue increase of 27.9% year-over-year, totaling $214.88 million.

State of Wyoming increased its position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 119.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,821 shares of the company's stock after buying an additional 9,687 shares during the period. State of Wyoming's holdings in Global-e Online were worth $635,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GLBE. Trexquant Investment LP boosted its position in Global-e Online by 52.7% during the first quarter. Trexquant Investment LP now owns 183,426 shares of the company's stock worth $6,539,000 after purchasing an additional 63,336 shares during the period. Landscape Capital Management L.L.C. boosted its holdings in Global-e Online by 37.0% during the first quarter. Landscape Capital Management L.L.C. now owns 63,697 shares of the company's stock valued at $2,271,000 after acquiring an additional 17,201 shares during the period. Next Century Growth Investors LLC increased its stake in shares of Global-e Online by 14.6% in the first quarter. Next Century Growth Investors LLC now owns 410,240 shares of the company's stock worth $14,625,000 after purchasing an additional 52,165 shares during the period. Jump Financial LLC lifted its position in shares of Global-e Online by 184.7% during the 1st quarter. Jump Financial LLC now owns 276,634 shares of the company's stock worth $9,862,000 after purchasing an additional 179,462 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Global-e Online by 149.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company's stock valued at $44,491,000 after purchasing an additional 748,608 shares during the period. 94.60% of the stock is owned by institutional investors.

Global-e Online Stock Performance

NASDAQ:GLBE traded up $1.41 during trading hours on Thursday, hitting $34.91. The stock had a trading volume of 977,705 shares, compared to its average volume of 1,880,398. The business's 50 day moving average is $33.15 and its 200-day moving average is $35.10. The company has a market cap of $5.93 billion, a price-to-earnings ratio of -205.28, a P/E/G ratio of 1.78 and a beta of 1.24. 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 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 business had revenue of $214.88 million for the quarter, compared to the consensus estimate of $207.95 million. During the same quarter last year, the business posted ($0.13) EPS. The firm'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. On average, sell-side analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GLBE. Benchmark reduced their price objective on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $42.00 price target on shares of Global-e Online in a report on Wednesday, May 14th. Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. JMP Securities reissued a "market outperform" rating and issued a $64.00 price target on shares of Global-e Online in a report on Thursday, May 15th. Finally, Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.