Barton Investment Management grew its holdings in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,036,767 shares of the company's stock after acquiring an additional 34,080 shares during the period. Global-E Online comprises approximately 4.5% of Barton Investment Management's holdings, making the stock its 5th biggest holding. Barton Investment Management owned about 0.61% of Global-E Online worth $36,961,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in GLBE. Arcadia Investment Management Corp MI purchased a new stake in Global-E Online during the 4th quarter worth $59,000. Whipplewood Advisors LLC purchased a new stake in Global-E Online during the 4th quarter worth $65,000. SBI Securities Co. Ltd. purchased a new stake in Global-E Online during the 4th quarter worth $99,000. First Horizon Advisors Inc. increased its stake in Global-E Online by 388.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,014 shares of the company's stock worth $110,000 after buying an additional 1,602 shares during the period. Finally, Blue Trust Inc. increased its stake in Global-E Online by 696.1% during the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company's stock worth $111,000 after buying an additional 1,775 shares during the period. Hedge funds and other institutional investors own 94.60% of the company's stock.
Global-E Online Stock Performance
Shares of NASDAQ GLBE traded down $0.21 during mid-day trading on Tuesday, reaching $34.12. The company had a trading volume of 941,110 shares, compared to its average volume of 1,505,753. Global-E Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The stock has a market capitalization of $5.79 billion, a PE ratio of -77.55, a price-to-earnings-growth ratio of 4.61 and a beta of 1.26. The stock's 50 day moving average is $33.95 and its 200-day moving average is $44.70.
Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The business had revenue of $189.88 million for the quarter, compared to the consensus estimate of $187.84 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. Global-E Online's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.19) earnings per share. On average, sell-side analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current year.
Analyst Upgrades and Downgrades
GLBE has been the subject of several research analyst reports. KeyCorp dropped their target price on shares of Global-E Online from $60.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. JMP Securities reaffirmed a "market outperform" rating and set a $64.00 price objective on shares of Global-E Online in a research report on Thursday, May 15th. The Goldman Sachs Group reduced their target price on shares of Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Raymond James reduced their target price on shares of Global-E Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Finally, Wells Fargo & Company reduced their target price on shares of Global-E Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.00.
Check Out Our Latest Stock Analysis on GLBE
About Global-E Online
(
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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