Graham Capital Management L.P. Makes New Investment in Global-e Online Ltd. $GLBE

Key Points

• Graham Capital Management L.P. has purchased a new stake in Global-e Online Ltd. (NASDAQ:GLBE), acquiring 61,345 shares worth approximately $2.19 million in the first quarter.
• Shares of Global-e Online opened at $33.46, with a market cap of $5.68 billion and a 1-year trading range from $26.64 to $63.69.
• Global-e Online reported $0.06 earnings per share for the last quarter, exceeding expectations, with revenue rising by 27.9% year-over-year.

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 filing with the Securities and Exchange Commission. The firm purchased 61,345 shares of the company's stock, valued at approximately $2,187,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in Global-e Online during the 1st quarter worth $1,165,000. Sphera Management Technology Funds Ltd acquired a new position in Global-e Online in the fourth quarter valued at $1,636,000. Ethic Inc. acquired a new position in Global-e Online in the fourth quarter valued at $428,000. Noked Israel Ltd increased its stake in Global-e Online by 68.5% in the fourth quarter. Noked Israel Ltd now owns 252,818 shares of the company's stock valued at $13,786,000 after purchasing an additional 102,818 shares during the period. Finally, Barton Investment Management increased its stake 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 valued at $36,961,000 after purchasing an additional 34,080 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Trading Up 2.1%

NASDAQ GLBE traded up $0.72 during trading hours on Friday, reaching $35.78. 2,077,806 shares of the company traded hands, compared to its average volume of 1,915,298. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The stock has a market capitalization of $6.07 billion, a PE ratio of -210.47, a PEG ratio of 1.91 and a beta of 1.24. The company has a 50 day moving average of $33.26 and a two-hundred day moving average of $34.61.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The company had revenue of $214.88 million for the quarter, compared to analysts' expectations of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The firm's revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online announced that its board has authorized a share buyback program on Thursday, September 4th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently commented on the stock. JMP Securities reissued a "market outperform" rating and set a $64.00 price objective on shares of Global-e Online in a report on Thursday, May 15th. Truist Financial boosted their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research report on Thursday, July 17th. Wells Fargo & Company dropped their price target on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Raymond James Financial dropped their price target on shares of Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Finally, Piper Sandler reiterated an "overweight" rating and set a $42.00 price objective on shares of Global-e Online in a research note on Wednesday, May 14th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.33.

Global-e Online Company 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.