J. Safra Sarasin Holding AG Takes $1.43 Million Position in Global-e Online Ltd. (NASDAQ:GLBE)

Key Points

• J. Safra Sarasin Holding AG has invested approximately $1.43 million in Global-e Online Ltd., acquiring 40,213 shares during the first quarter.
• Global-e Online's stock is currently experiencing a decline of 5.2% and has a market capitalization of $5.33 billion.
• The company reported a 30.2% year-over-year revenue increase for the most recent quarter, reaching $189.88 million, while also exceeding earnings expectations.

J. Safra Sarasin Holding AG bought a new position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 40,213 shares of the company's stock, valued at approximately $1,434,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in Global-e Online in the 1st quarter valued at $1,165,000. Sphera Management Technology Funds Ltd acquired a new position in shares of Global-e Online in the fourth quarter valued at $1,636,000. Ethic Inc. acquired a new position in shares of Global-e Online in the fourth quarter valued at $428,000. Noked Israel Ltd raised its position in shares of 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 lifted its stake 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 worth $36,961,000 after buying an additional 34,080 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Stock Down 5.2%

Shares of Global-e Online stock opened at $31.42 on Monday. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of -87.28, a PEG ratio of 1.86 and a beta of 1.24. The firm's 50-day moving average price is $32.97 and its two-hundred day moving average price is $39.03.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $189.88 million for the quarter, compared to analyst estimates of $187.84 million. During the same quarter last year, the business posted ($0.19) EPS. The firm's revenue for the quarter was up 30.2% on a year-over-year basis. On average, sell-side analysts expect that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company decreased their price target 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. 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. Piper Sandler reiterated an "overweight" rating and set a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 14th. KeyCorp dropped their price target on Global-e Online from $60.00 to $45.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Benchmark decreased their price objective on Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy 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 $48.08.

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.

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