Assenagon Asset Management S.A. cut its position in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 5.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 609,583 shares of the company's stock after selling 33,478 shares during the quarter. Assenagon Asset Management S.A. owned about 0.36% of Global-E Online worth $21,732,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in Global-E Online in the 4th quarter valued at $59,000. Whipplewood Advisors LLC bought a new stake in Global-E Online in the 4th quarter valued at $65,000. SBI Securities Co. Ltd. bought a new stake in Global-E Online in the 4th quarter valued at $99,000. First Horizon Advisors Inc. boosted its stake in Global-E Online by 388.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,014 shares of the company's stock valued at $110,000 after purchasing an additional 1,602 shares during the period. Finally, Blue Trust Inc. boosted its stake in Global-E Online by 696.1% in the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company's stock valued at $111,000 after purchasing an additional 1,775 shares during the period. 94.60% of the stock is currently owned by institutional investors.
Global-E Online Stock Performance
Shares of Global-E Online stock traded down $0.56 during trading on Monday, reaching $31.41. 3,936,970 shares of the company's stock were exchanged, compared to its average volume of 1,518,142. Global-E Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The company has a market cap of $5.33 billion, a P/E ratio of -71.39, a PEG ratio of 4.61 and a beta of 1.26. The firm's 50-day moving average price is $34.18 and its 200 day moving average price is $44.11.
Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company had revenue of $189.88 million during the quarter, compared to analysts' expectations of $187.84 million. During the same quarter in the previous year, the firm earned ($0.19) EPS. Global-E Online's revenue was up 30.2% on a year-over-year basis. As a group, equities research analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. JMP Securities restated 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. Piper Sandler reiterated an "overweight" rating and set a $42.00 target price on shares of Global-E Online in a research report on Wednesday, May 14th. Truist Financial assumed coverage on Global-E Online in a research report on Monday, June 2nd. They set a "sell" rating and a $31.00 target price for the company. UBS Group cut their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group cut their target price on Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Global-E Online currently has an average rating of "Moderate Buy" and a consensus price target of $48.00.
Check Out Our Latest Stock Report 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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