Worldquant Millennium Advisors LLC reduced its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 73.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,399 shares of the company's stock after selling 31,613 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Global-E Online were worth $622,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in shares of Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after purchasing an additional 197 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Global-E Online by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock worth $436,000 after purchasing an additional 200 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Global-E Online by 1.3% during the fourth quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock worth $930,000 after purchasing an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Global-E Online by 1.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock worth $908,000 after purchasing an additional 260 shares in the last quarter. Finally, Juncture Wealth Strategies LLC lifted its position in shares of Global-E Online by 3.9% during the fourth quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company's stock worth $718,000 after purchasing an additional 494 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 GLBE traded down $0.04 during mid-day trading on Wednesday, hitting $31.78. The company's stock had a trading volume of 318,223 shares, compared to its average volume of 1,425,458. The firm has a 50-day moving average price of $34.65 and a 200 day moving average price of $45.44. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of -72.18, a PEG ratio of 4.61 and a beta of 1.36. 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 released its earnings results 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. 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%. The firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) earnings per share. As a group, equities analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on GLBE. 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 research report on Tuesday, May 13th. Raymond James cut their price target on shares of Global-E Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. UBS Group cut their price target on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Needham & Company LLC reissued a "buy" rating and set a $40.00 target price on shares of Global-E Online in a report on Thursday, May 15th. Finally, Wells Fargo & Company dropped their target price on shares of Global-E Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $49.42.
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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