Yelin Lapidot Holdings Management Ltd. Purchases 48,389 Shares of Global-e Online Ltd. (NASDAQ:GLBE)

Yelin Lapidot Holdings Management Ltd. increased its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 395,555 shares of the company's stock after purchasing an additional 48,389 shares during the period. Global-e Online makes up 2.7% of Yelin Lapidot Holdings Management Ltd.'s holdings, making the stock its 11th largest position. Yelin Lapidot Holdings Management Ltd. owned approximately 0.23% of Global-e Online worth $14,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Global-e Online in the fourth quarter valued at approximately $99,000. Siemens Fonds Invest GmbH bought a new position in Global-e Online in the fourth quarter valued at $124,000. US Bancorp DE acquired a new stake in Global-e Online in the 4th quarter valued at $157,000. State of Tennessee Department of Treasury bought a new stake in Global-e Online during the 4th quarter worth about $199,000. Finally, TD Waterhouse Canada Inc. lifted its position in Global-e Online by 52.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,745 shares of the company's stock worth $204,000 after buying an additional 1,287 shares in the last quarter. Institutional investors own 94.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Benchmark decreased their price target on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. The Goldman Sachs Group dropped their price target on shares of Global-e Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. KeyCorp cut their price target on shares of Global-e Online from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their price objective on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $64.00 target price on shares of Global-e Online in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating and twelve have assigned 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 target price of $48.00.

Global-e Online Trading Up 1.7%

GLBE stock traded up $0.55 during trading hours on Friday, hitting $33.35. 1,141,088 shares of the stock were exchanged, compared to its average volume of 1,538,599. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The firm has a market capitalization of $5.66 billion, a P/E ratio of -92.63, a P/E/G ratio of 1.98 and a beta of 1.25. The company has a 50-day simple moving average of $33.75 and a two-hundred day simple moving average of $42.02.

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

Global-e Online Profile

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.