Global-E Online Ltd. (NASDAQ:GLBE) Shares Acquired by Barton Investment Management

Barton Investment Management increased its position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,036,767 shares of the company's stock after acquiring an additional 34,080 shares during the period. Global-E Online comprises 4.5% of Barton Investment Management's investment portfolio, making the stock its 5th biggest position. Barton Investment Management owned approximately 0.61% of Global-E Online worth $36,961,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GLBE. Blue Trust Inc. lifted its holdings 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 in the last quarter. Jennison Associates LLC acquired a new position in shares of Global-E Online in the fourth quarter worth $227,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Global-E Online by 38.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,568 shares of the company's stock worth $576,000 after acquiring an additional 2,919 shares during the period. Stephens Investment Management Group LLC acquired a new stake in shares of Global-E Online in the fourth quarter valued at $5,971,000. Finally, Values First Advisors Inc. boosted its holdings in Global-E Online by 35.5% in the fourth quarter. Values First Advisors Inc. now owns 17,706 shares of the company's stock valued at $966,000 after purchasing an additional 4,636 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-E Online Stock Up 0.1%

GLBE stock opened at $34.59 on Friday. The business has a 50 day moving average price of $33.97 and a 200 day moving average price of $44.94. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of -78.61, a PEG ratio of 4.61 and a beta of 1.26. Global-E Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69.

Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business had revenue of $189.88 million during the quarter, compared to the consensus estimate of $187.84 million. During the same quarter in the previous year, the firm earned ($0.19) EPS. The company's revenue was up 30.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GLBE shares. Raymond James cut their price target on Global-E Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Wells Fargo & Company lowered their price objective on Global-E Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Morgan Stanley upgraded shares of Global-E Online from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $55.00 to $46.00 in a research note on Wednesday, March 26th. Benchmark reduced their target price on shares of Global-E Online from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $64.00 price target on shares of Global-E Online in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.00.

About Global-E Online

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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