Graham Capital Management L.P. purchased a new position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 61,345 shares of the company's stock, valued at approximately $2,187,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fred Alger Management LLC raised its stake in shares of Global-e Online by 204.6% during the fourth quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company's stock valued at $231,178,000 after purchasing an additional 2,847,868 shares during the period. Jennison Associates LLC grew its holdings in Global-e Online by 33,950.1% during the 1st quarter. Jennison Associates LLC now owns 1,418,526 shares of the company's stock valued at $50,570,000 after purchasing an additional 1,414,360 shares in the last quarter. Arohi Asset Management PTE Ltd. grew its holdings in Global-e Online by 130.5% during the 1st quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company's stock valued at $52,681,000 after purchasing an additional 836,522 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Global-e Online by 149.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company's stock worth $44,491,000 after buying an additional 748,608 shares during the period. Finally, Deepwater Asset Management LLC acquired a new position in Global-e Online in the 1st quarter worth $12,493,000. Hedge funds and other institutional investors own 94.60% of the company's stock.
Global-e Online Price Performance
GLBE traded up $0.72 during trading hours on Friday, hitting $35.78. 2,077,806 shares of the stock were exchanged, compared to its average volume of 1,932,853. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of -210.47, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. The stock has a 50-day simple moving average of $33.26 and a 200-day simple moving average of $34.53. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69.
Global-e Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The firm had revenue of $214.88 million during the quarter, compared to analyst estimates of $207.95 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The firm's revenue for the quarter was up 27.9% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current year.
Global-e Online declared that its Board of Directors has initiated a share buyback program on Thursday, September 4th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
Analyst Ratings Changes
Several brokerages have recently weighed in on GLBE. Truist Financial raised their target price on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, July 17th. Piper Sandler reissued an "overweight" rating and issued a $42.00 price target on shares of Global-e Online in a report on Wednesday, May 14th. JMP Securities restated a "market outperform" rating and set a $64.00 price objective on shares of Global-e Online in a report on Thursday, May 15th. Wells Fargo & Company cut their target price on Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Finally, Raymond James Financial reduced their target price on Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.33.
Check Out Our Latest Analysis on Global-e Online
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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