Y.D. More Investments Ltd Purchases 136,040 Shares of Global-e Online Ltd. (NASDAQ:GLBE)

Key Points

• Y.D. More Investments Ltd increased its holdings in Global-e Online Ltd. by 380.5%, acquiring 136,040 additional shares, bringing their total ownership to approximately $6.12 million as of the end of the first quarter.
• Global-e Online's recent earnings report showed a 30.2% year-over-year revenue growth, with a quarterly revenue of $189.88 million and an EPS of (0.11), surpassing analyst expectations.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Global-e Online, with a target price averaging around $48.08 despite some revisions of price targets by firms like KeyCorp and Raymond James Financial.

Y.D. More Investments Ltd increased its holdings in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 380.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,790 shares of the company's stock after acquiring an additional 136,040 shares during the period. Y.D. More Investments Ltd owned about 0.10% of Global-e Online worth $6,124,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fred Alger Management LLC increased its holdings in Global-e Online by 204.6% in 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 increased its holdings in Global-e Online by 9.1% in 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 increased its holdings in Global-e Online by 6.8% in 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 increased its holdings in Global-e Online by 33,950.1% in 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 increased its holdings in Global-e Online by 3.4% in 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GLBE. JMP Securities reissued a "market outperform" rating and issued a $64.00 price objective on shares of Global-e Online in a research note on Thursday, May 15th. Piper Sandler reaffirmed an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 14th. Raymond James Financial decreased their price objective 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. KeyCorp decreased their price objective on Global-e Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Benchmark decreased their price objective on Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Global-e Online currently has an average rating of "Moderate Buy" and a consensus target price of $48.08.

Global-e Online Stock Down 3.7%

GLBE stock traded down $1.29 during midday trading on Monday, reaching $33.41. The stock had a trading volume of 793,446 shares, compared to its average volume of 1,863,787. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of -93.89, a PEG ratio of 2.06 and a beta of 1.24. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The business has a fifty day simple moving average of $33.20 and a two-hundred day simple moving average of $38.24.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.02. The business had revenue of $189.88 million during the quarter, compared to the consensus estimate of $187.84 million. Global-e Online had a negative return on equity of 6.96% and a negative net margin of 7.70%. The firm's revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.19) earnings per share. On average, equities analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

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.