Natixis Advisors LLC acquired a new position in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,652 shares of the company's stock, valued at approximately $451,000.
Other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC acquired a new position in Global-e Online during the first quarter valued at approximately $36,000. Assetmark Inc. acquired a new position in Global-e Online during the first quarter valued at approximately $45,000. Pacer Advisors Inc. boosted its position 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 during the last quarter. Siemens Fonds Invest GmbH acquired a new position in Global-e Online during the fourth quarter valued at approximately $124,000. Finally, State of Tennessee Department of Treasury acquired a new position in Global-e Online during the fourth quarter valued at approximately $199,000. 94.60% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently commented on GLBE. Benchmark reduced their price target on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Zacks Research raised Global-e Online to a "hold" rating in a research report on Friday, August 8th. Wells Fargo & Company reduced their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Needham & Company LLC reissued a "buy" rating and set a $40.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Finally, JMP Securities reissued a "market outperform" rating and set a $64.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.33.
Read Our Latest Stock Analysis on GLBE
Global-e Online Trading Up 0.7%
Shares of GLBE traded up $0.21 during mid-day trading on Friday, reaching $30.81. The company's stock had a trading volume of 2,201,110 shares, compared to its average volume of 1,796,092. The stock has a market cap of $5.23 billion, a P/E ratio of -181.24, a PEG ratio of 1.72 and a beta of 1.24. The business has a 50-day simple moving average of $33.02 and a two-hundred day simple moving average of $37.44. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69.
Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $214.88 million during the quarter, compared to analysts' expectations of $207.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%. The firm's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.13) EPS. Research analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current year.
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.
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