Kayne Anderson Rudnick Investment Management LLC trimmed its position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,519,546 shares of the company's stock after selling 68,898 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.93% of Global-E Online worth $82,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in GLBE. Fifth Third Bancorp increased its position in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after acquiring an additional 197 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock worth $43,000 after acquiring an additional 748 shares during the period. Arcadia Investment Management Corp MI bought a new stake in Global-E Online in the fourth quarter valued at about $59,000. Whipplewood Advisors LLC acquired a new position in Global-E Online in the fourth quarter worth about $65,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Global-E Online during the fourth quarter valued at approximately $99,000. 94.60% of the stock is owned by institutional investors.
Global-E Online Stock Performance
Global-E Online stock traded up $0.23 during mid-day trading on Friday, reaching $31.63. The company's stock had a trading volume of 1,390,300 shares, compared to its average volume of 1,434,952. 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 $5.37 billion, a P/E ratio of -71.92, a PEG ratio of 4.61 and a beta of 1.36. The firm's fifty day moving average price is $34.37 and its two-hundred day moving average price is $45.28.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.02. The firm had revenue of $189.88 million during the quarter, compared to analyst estimates of $187.84 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. On average, research analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on GLBE shares. UBS Group dropped their target price on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group lowered their price objective on 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. Morgan Stanley raised Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $55.00 to $46.00 in a report on Wednesday, March 26th. Wells Fargo & Company lowered their target price on 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. Finally, Raymond James lowered their price objective on 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. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Global-E Online currently has a consensus rating of "Buy" and an average target price of $49.42.
Get Our Latest Stock 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.
Recommended Stories
Before you consider Global-E Online, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global-E Online wasn't on the list.
While Global-E Online currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
