Next Century Growth Investors LLC Has $14.63 Million Holdings in Global-e Online Ltd. $GLBE

Key Points

• Next Century Growth Investors LLC increased its stake in Global-e Online Ltd. by 14.6%, acquiring an additional 52,165 shares to bring its total holdings to 410,240 shares, making it the 23rd largest position in their portfolio.
• Several institutional investors significantly increased their stakes in Global-e Online during the first quarter, with Jump Financial LLC raising their holdings by 184.7% and T. Rowe Price increasing theirs by 149.9%.
• Global-e Online reported a 27.9% year-over-year revenue increase, with earnings per share of $0.06 for the quarter, exceeding analysts' expectations of $0.02.

Next Century Growth Investors LLC grew its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 14.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,240 shares of the company's stock after acquiring an additional 52,165 shares during the period. Global-e Online accounts for approximately 1.3% of Next Century Growth Investors LLC's holdings, making the stock its 23rd largest position. Next Century Growth Investors LLC owned approximately 0.24% of Global-e Online worth $14,625,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GLBE. Renaissance Technologies LLC acquired a new stake in Global-e Online in the 4th quarter valued at about $480,000. MetLife Investment Management LLC raised its position in shares of Global-e Online by 26.7% in the fourth quarter. MetLife Investment Management LLC now owns 11,399 shares of the company's stock valued at $622,000 after buying an additional 2,399 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Global-e Online in the fourth quarter valued at approximately $199,000. Hsbc Holdings PLC raised its position in shares of Global-e Online by 68.8% in the fourth quarter. Hsbc Holdings PLC now owns 45,006 shares of the company's stock valued at $2,449,000 after buying an additional 18,337 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Global-e Online by 16.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 60,157 shares of the company's stock valued at $3,281,000 after buying an additional 8,711 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GLBE has been the subject of a number of analyst reports. Truist Financial lifted their price target 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. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Raymond James Financial decreased their price objective on shares of Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. JMP Securities reissued a "market outperform" rating and issued a $64.00 price objective on shares of Global-e Online in a research note on Thursday, May 15th. Finally, Wells Fargo & Company decreased their price objective on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Global-e Online has a consensus rating of "Moderate Buy" and a consensus target price of $48.33.

Global-e Online Price Performance

NASDAQ:GLBE traded down $0.72 during mid-day trading on Friday, reaching $33.46. The stock had a trading volume of 1,317,902 shares, compared to its average volume of 2,000,960. The stock has a 50-day simple moving average of $33.06 and a two-hundred day simple moving average of $35.52. The stock has a market capitalization of $5.68 billion, a PE ratio of -196.82, a P/E/G ratio of 1.78 and a beta of 1.24. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $214.88 million for the quarter, compared to analysts' expectations of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The company's revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current year.

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.