Meitav Investment House Ltd. decreased its holdings in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 77.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,400 shares of the company's stock after selling 41,844 shares during the period. Meitav Investment House Ltd.'s holdings in Global-e Online were worth $407,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in shares of Global-e Online during the 1st quarter valued at about $36,000. Assetmark Inc. purchased a new position in Global-e Online during the first quarter worth about $45,000. Geneos Wealth Management Inc. boosted its holdings in Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after purchasing an additional 528 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Global-e Online by 52.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after buying an additional 488 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Global-e Online during the 1st quarter worth approximately $68,000. Institutional investors and hedge funds own 94.60% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on GLBE shares. Zacks Research raised Global-e Online to a "hold" rating in a research note on Friday, August 8th. Weiss Ratings reissued a "sell (d+)" rating on shares of Global-e Online in a research report on Saturday, September 27th. Finally, Truist Financial boosted their price objective on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research report on Thursday, July 17th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.33.
View Our Latest Stock Analysis on GLBE
Global-e Online Stock Performance
Shares of GLBE opened at $34.70 on Wednesday. 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 50-day simple moving average of $34.46 and a 200-day simple moving average of $34.06. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of -204.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.
Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business earned ($0.13) EPS. The firm'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. Equities research analysts forecast that Global-e Online Ltd. will post 0.25 EPS for the current year.
Global-e Online declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 4th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.
Global-e Online Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
