Landscape Capital Management L.L.C. Has $4.06 Million Holdings in Global-e Online Ltd. $GLBE

Key Points

• Landscape Capital Management increased its stake in Global‑e by 511.5% in Q3, now owning 113,444 shares worth about $4.06 million (roughly 0.07% of the company).
• Institutional ownership in GLBE is very high (about 94.6%), with several other funds also adding to positions during recent quarters.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $47.80 (some recent upgrades, Benchmark raised its target to $60); GLBE trades around $34.64 with a market cap near $5.9 billion and a P/E of ~94.

Landscape Capital Management L.L.C. increased its position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 511.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,444 shares of the company's stock after buying an additional 94,892 shares during the period. Landscape Capital Management L.L.C. owned 0.07% of Global-e Online worth $4,057,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after acquiring an additional 528 shares during the period. Virtus Advisers LLC acquired a new position in shares of Global-e Online in the 2nd quarter valued at about $47,000. Tower Research Capital LLC TRC boosted its position in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company's stock valued at $61,000 after purchasing an additional 1,616 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Global-e Online by 237.7% during the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company's stock worth $72,000 after purchasing an additional 1,376 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Global-e Online by 28.2% during the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company's stock worth $106,000 after purchasing an additional 649 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-e Online Stock Up 0.3%

GLBE stock traded up $0.11 during midday trading on Friday, reaching $34.64. 226,471 shares of the company's stock traded hands, compared to its average volume of 1,685,468. The firm's fifty day moving average price is $35.91 and its 200-day moving average price is $36.43. Global-e Online Ltd. has a 52 week low of $26.64 and a 52 week high of $43.21. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 93.62 and a beta of 1.24.

Analyst Upgrades and Downgrades

GLBE has been the topic of several recent analyst reports. Zacks Research raised Global-e Online from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 19th. Piper Sandler reissued an "overweight" rating on shares of Global-e Online in a research note on Thursday, February 19th. Morgan Stanley restated an "overweight" rating on shares of Global-e Online in a report on Thursday, February 19th. KeyCorp dropped their price objective on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Finally, Benchmark raised their target price on Global-e Online from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.80.

About Global-e Online

Global-e Online Ltd. NASDAQ: GLBE is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company's cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e's offering is a comprehensive suite of services that includes customizable checkout in the buyer's local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.

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