Hsbc Holdings PLC Has $2.41 Million Holdings in Global-e Online Ltd. $GLBE

Key Points

• Hsbc Holdings PLC increased its stake in Global-e Online Ltd. by 51.3% in Q1, now owning 68,084 shares valued at approximately $2.4 million.
• Several other institutional investors also adjusted their stakes in Global-e Online, with 94.60% of the stock owned by hedge funds and investors.
• Global-e Online reported a revenue increase of 27.9% year-over-year for the latest quarter, with earnings per share surpassing analysts' expectations.

Hsbc Holdings PLC boosted its holdings in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 51.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,084 shares of the company's stock after acquiring an additional 23,078 shares during the quarter. Hsbc Holdings PLC's holdings in Global-e Online were worth $2,406,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fred Alger Management LLC increased its position in shares of Global-e Online by 204.6% during the 4th 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. Contour Asset Management LLC increased its position in shares of Global-e Online by 9.1% during the 4th quarter. Contour Asset Management LLC now owns 2,646,906 shares of the company's stock valued at $144,336,000 after purchasing an additional 220,519 shares during the period. Spyglass Capital Management LLC increased its position in shares of Global-e Online by 6.8% during the 4th quarter. Spyglass Capital Management LLC now owns 1,487,335 shares of the company's stock valued at $81,104,000 after purchasing an additional 94,664 shares during the period. Jennison Associates LLC increased its position in shares of 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 during the period. Finally, Barton Investment Management increased its position in shares of Global-e Online by 3.4% during the 1st 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.

Analyst Ratings Changes

GLBE has been the topic of several research analyst reports. Piper Sandler reiterated an "overweight" rating and set a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 14th. Wells Fargo & Company decreased their target price on Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a report on Thursday, May 15th. Raymond James Financial decreased their target price on Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Finally, Truist Financial lifted their target price on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a report on Thursday, July 17th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $48.33.

Global-e Online Stock Performance

NASDAQ:GLBE traded down $0.72 during trading hours on Friday, hitting $33.46. 1,317,902 shares of the company's stock traded hands, compared to its average volume of 2,000,960. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The firm has a market cap of $5.68 billion, a P/E ratio of -196.82, a P/E/G ratio of 1.82 and a beta of 1.24. The stock's fifty day moving average price is $33.06 and its two-hundred day moving average price is $35.70.

Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm had revenue of $214.88 million during the quarter, compared to analyst estimates of $207.95 million. During the same period last year, the company posted ($0.13) EPS. The business's quarterly revenue 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. On average, equities research analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

About Global-e Online

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.