LPL Financial LLC Sells 10,206 Shares of Global-e Online Ltd. $GLBE

Key Points

• LPL Financial LLC reduced its stake in Global-e Online Ltd. by 20.0%, owning 40,917 shares after selling 10,206 shares in the first quarter.
• Global-e Online reported a 27.9% increase in quarterly revenue year-over-year, with earnings per share of $0.06 exceeding analysts' expectations of $0.02.
• Research analysts have a consensus rating of "Moderate Buy" on Global-e Online stock, with an average price target of $48.33.

LPL Financial LLC reduced its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,917 shares of the company's stock after selling 10,206 shares during the period. LPL Financial LLC's holdings in Global-e Online were worth $1,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in Global-e Online by 471.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 61,553 shares of the company's stock valued at $3,356,000 after purchasing an additional 50,790 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Global-e Online in the 4th quarter worth $480,000. Raymond James Financial Inc. acquired a new stake in shares of Global-e Online during the fourth quarter worth about $2,868,000. Barclays PLC grew its stake in shares of Global-e Online by 132.7% during the 4th quarter. Barclays PLC now owns 68,960 shares of the company's stock worth $3,760,000 after purchasing an additional 39,324 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Global-e Online by 26.7% during the fourth quarter. MetLife Investment Management LLC now owns 11,399 shares of the company's stock worth $622,000 after purchasing an additional 2,399 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.

Analyst Ratings Changes

GLBE has been the topic of a number of research analyst reports. Benchmark cut their target price on Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Piper Sandler restated an "overweight" rating and issued a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research note on Friday, August 8th. Finally, JMP Securities reiterated a "market outperform" rating and set a $64.00 price objective on shares of Global-e Online in a research report on Thursday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.33.

Global-e Online Stock Up 3.2%

NASDAQ GLBE traded up $1.02 on Wednesday, reaching $32.98. The company had a trading volume of 782,344 shares, compared to its average volume of 1,895,754. The stock's 50 day moving average is $32.93 and its 200-day moving average is $36.11. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of -193.79, a PEG ratio of 1.72 and a beta of 1.24. Global-e Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating 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 the consensus estimate of $207.95 million. During the same period last year, the company earned ($0.13) earnings per share. The business's 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. As a group, analysts forecast that Global-e Online Ltd. will post 0.25 EPS 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.