Global-e Online Ltd. $GLBE Shares Sold by Y.D. More Investments Ltd

Key Points

• Y.D. More Investments cut its stake in Global‑e by 42.9% in Q4, selling 62,030 shares and now holding 82,550 shares valued at about $3.245 million.
• Several other institutional investors raised positions (e.g., Vitruvian, Penserra, Migdal, Brown Capital), leaving institutional ownership at roughly 94.60% of the stock.
• Shares trade near $31.18 with a market cap of $5.29B and a PE of 84.27, while analysts maintain a consensus "Moderate Buy" rating and a $47.58 average price target.

Y.D. More Investments Ltd decreased its position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 42.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,550 shares of the company's stock after selling 62,030 shares during the period. Y.D. More Investments Ltd's holdings in Global-e Online were worth $3,245,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vitruvian Partners LLP increased its holdings in Global-e Online by 23.1% in the 3rd quarter. Vitruvian Partners LLP now owns 172,442 shares of the company's stock valued at $6,167,000 after purchasing an additional 32,405 shares during the last quarter. Penserra Capital Management LLC raised its position in Global-e Online by 16.1% in the 3rd quarter. Penserra Capital Management LLC now owns 127,667 shares of the company's stock valued at $4,564,000 after purchasing an additional 17,676 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Global-e Online by 50.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company's stock valued at $27,714,000 after acquiring an additional 260,000 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Global-e Online in the 3rd quarter valued at $7,838,000. Finally, Brown Capital Management LLC raised its holdings in shares of Global-e Online by 10.0% in the 3rd quarter. Brown Capital Management LLC now owns 2,389,842 shares of the company's stock valued at $85,461,000 after purchasing an additional 216,304 shares in the last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Price Performance

Shares of NASDAQ GLBE opened at $31.18 on Monday. The business has a 50-day moving average price of $33.81 and a 200 day moving average price of $36.14. The stock has a market cap of $5.29 billion, a PE ratio of 84.27 and a beta of 1.28. Global-e Online Ltd. has a 52-week low of $26.64 and a 52-week high of $43.21.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Truist Financial dropped their target price on Global-e Online from $43.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, February 26th. Wall Street Zen raised Global-e Online from a "hold" rating to a "buy" rating in a report on Sunday, March 29th. Weiss Ratings upgraded Global-e Online from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, March 27th. UBS Group cut their target price on Global-e Online from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, March 31st. Finally, Zacks Research upgraded Global-e Online from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Global-e Online has a consensus rating of "Moderate Buy" and a consensus price target of $47.58.

Insider Buying and Selling at Global-e Online

In other news, COO Shahar Tamari sold 16,666 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $33.81, for a total value of $563,477.46. Following the completion of the sale, the chief operating officer directly owned 3,419,745 shares of the company's stock, valued at approximately $115,621,578.45. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Nir Debbi sold 4,166 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $31.26, for a total transaction of $130,229.16. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 45,830 shares of company stock worth $1,555,388. 11.60% of the stock is owned by insiders.

Global-e Online Company Profile

Global-e Online Ltd. NASDAQ: GLBE is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company's cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e's offering is a comprehensive suite of services that includes customizable checkout in the buyer's local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.

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