Landscape Capital Management L.L.C. Has $2.27 Million Holdings in Global-e Online Ltd. $GLBE

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Global-e Online Ltd. by 37.0%, owning 63,697 shares worth $2.27 million as of the end of the latest quarter.
• Institutional investors currently own 94.60% of Global-e Online's stock, indicating strong institutional confidence in the company.
• Global-e Online reported $214.88 million in quarterly revenue, surpassing analysts' estimates, and achieved an earnings per share of $0.06, beating expectations of $0.02 per share.

Landscape Capital Management L.L.C. raised its position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 37.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,697 shares of the company's stock after purchasing an additional 17,201 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Global-e Online were worth $2,271,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fred Alger Management LLC boosted its stake in shares of Global-e Online by 204.6% in 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. Contour Asset Management LLC increased its holdings in 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 worth $144,336,000 after purchasing an additional 220,519 shares during the last quarter. Spyglass Capital Management LLC raised its position in shares of Global-e Online by 6.8% in 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 in the last quarter. Jennison Associates LLC boosted its stake 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 buying an additional 1,414,360 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Global-e Online by 149.9% in the first 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 last quarter. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. 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. Truist Financial boosted their price target on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Raymond James Financial cut their price objective on shares of Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. JMP Securities restated a "market outperform" rating and issued a $64.00 target price on shares of Global-e Online in a research report on Thursday, May 15th. Finally, Zacks Research raised Global-e Online to a "hold" rating in a report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $48.33.

Global-e Online Price Performance

Shares of Global-e Online stock traded up $0.62 during trading on Wednesday, hitting $33.77. The stock had a trading volume of 321,208 shares, compared to its average volume of 1,879,328. The business has a fifty day moving average of $33.12 and a two-hundred day moving average of $35.11. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The firm has a market cap of $5.73 billion, a P/E ratio of -198.94, a PEG ratio of 1.78 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $214.88 million during the quarter, compared to analyst estimates of $207.95 million. During the same quarter last year, the firm posted ($0.13) EPS. The business's revenue for the quarter was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online 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.