Moody National Bank Trust Division Acquires New Holdings in Global-e Online Ltd. $GLBE

Key Points

• Moody National Bank Trust Division acquired 61,477 shares of Global-e Online Ltd. ($GLBE), valued at approximately $2,062,000, during Q2.
• Global-e Online recently received a moderate buy rating from analysts, with a consensus price target of $48.33 per share.
• The company reported $214.88 million in quarterly revenue with an EPS of $0.06, exceeding analyst estimates.

Moody National Bank Trust Division acquired a new position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 61,477 shares of the company's stock, valued at approximately $2,062,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GLBE. Berbice Capital Management LLC purchased a new position in Global-e Online during the first quarter valued at approximately $36,000. Assetmark Inc. purchased a new position in Global-e Online during the first quarter valued at approximately $45,000. Geneos Wealth Management Inc. lifted its holdings in Global-e Online by 67.2% during the first 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 in the last quarter. Pacer Advisors Inc. lifted its holdings in Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after purchasing an additional 488 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Global-e Online during the first quarter valued at approximately $68,000. Hedge funds and other institutional investors own 94.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Zacks Research raised shares of Global-e Online to a "hold" rating in a report on Friday, August 8th. Truist Financial boosted their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research report on Thursday, July 17th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $48.33.

Global-e Online Stock Down 1.9%

Shares of NASDAQ GLBE traded down $0.70 during midday trading on Tuesday, reaching $36.95. 424,783 shares of the stock were exchanged, compared to its average volume of 1,859,057. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of -216.59, a PEG ratio of 1.96 and a beta of 1.24. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The firm has a 50-day simple moving average of $33.98 and a two-hundred day simple moving average of $34.11.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $214.88 million for the quarter, compared to analysts' expectations of $207.95 million. During the same quarter last year, the company earned ($0.13) EPS. The business's revenue 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. Research analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online declared that its Board of Directors has authorized a stock repurchase plan on Thursday, September 4th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

Global-e Online Company 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.