Menora Mivtachim Holdings LTD. Has $46.36 Million Stake in Global-e Online Ltd. $GLBE

Key Points

• Menora Mivtachim Holdings LTD. increased its stake in Global‑e Online by 4,543.4% in Q3, adding 1,268,504 shares to hold 1,296,424 shares worth about $46.36 million (roughly 0.76% of the company).
• Institutional ownership is very high at 94.60%, and other large investors also boosted positions in Q3 (e.g., UBS up 374.5%, Swiss National Bank now 214,700 shares), indicating strong institutional interest.
• GLBE has a market cap of $5.86 billion and a P/E of 93.32, a 52‑week range of $26.64–$43.21, and a consensus analyst rating of Moderate Buy with a $47.80 target.

Menora Mivtachim Holdings LTD. increased its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 4,543.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,296,424 shares of the company's stock after purchasing an additional 1,268,504 shares during the quarter. Menora Mivtachim Holdings LTD. owned about 0.76% of Global-e Online worth $46,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GLBE. UBS Group AG raised its position in Global-e Online by 374.5% in the 3rd quarter. UBS Group AG now owns 417,813 shares of the company's stock worth $14,941,000 after purchasing an additional 329,755 shares during the last quarter. Marathon Trading Investment Management LLC bought a new position in Global-e Online in the 3rd quarter valued at $200,000. BNP Paribas Financial Markets increased its stake in shares of Global-e Online by 36.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 153,814 shares of the company's stock valued at $5,500,000 after buying an additional 41,249 shares during the period. Fieldview Capital Management LLC increased its stake in shares of Global-e Online by 31.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 105,648 shares of the company's stock valued at $3,778,000 after buying an additional 25,434 shares during the period. Finally, Swiss National Bank raised its position in shares of Global-e Online by 2.2% during the third quarter. Swiss National Bank now owns 214,700 shares of the company's stock worth $7,678,000 after acquiring an additional 4,600 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-e Online Price Performance

NASDAQ GLBE opened at $34.53 on Friday. The firm has a market cap of $5.86 billion, a P/E ratio of 93.32 and a beta of 1.24. The stock's 50-day moving average is $35.91 and its 200-day moving average is $36.43. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $43.21.

Analysts Set New Price Targets

GLBE has been the topic of several research reports. Truist Financial cut their price target on Global-e Online from $43.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, February 26th. Wall Street Zen raised Global-e Online from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Weiss Ratings restated a "sell (d-)" rating on shares of Global-e Online in a research report on Monday, December 29th. Bank of America reaffirmed a "buy" rating on shares of Global-e Online in a research note on Wednesday, February 18th. Finally, Needham & Company LLC lifted their price target on shares of Global-e Online from $40.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Global-e Online presently has a consensus rating of "Moderate Buy" and a consensus target price 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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