Nuveen Asset Management LLC Has $15.53 Million Position in Global-E Online Ltd. (NASDAQ:GLBE)

Nuveen Asset Management LLC raised its stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 284,869 shares of the company's stock after buying an additional 21,608 shares during the period. Nuveen Asset Management LLC owned about 0.17% of Global-E Online worth $15,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fifth Third Bancorp increased its position in shares of Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after acquiring an additional 197 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Global-E Online by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock valued at $436,000 after purchasing an additional 200 shares during the period. Voya Investment Management LLC grew its holdings in Global-E Online by 1.3% during the fourth quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock valued at $930,000 after purchasing an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Global-E Online by 1.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock worth $908,000 after acquiring an additional 260 shares during the period. Finally, Juncture Wealth Strategies LLC boosted its holdings in shares of Global-E Online by 3.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company's stock worth $718,000 after acquiring an additional 494 shares during the period. Institutional investors own 94.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GLBE. Piper Sandler reissued an "overweight" rating and set a $42.00 price objective on shares of Global-E Online in a research note on Wednesday, May 14th. The Goldman Sachs Group decreased their price objective on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. KeyCorp reduced their price target on Global-E Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Global-E Online in a report on Thursday, May 15th. Finally, Wells Fargo & Company reduced their price target on 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. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $49.42.

Global-E Online Stock Performance

GLBE stock traded up $0.22 on Thursday, hitting $31.69. 1,828,095 shares of the company's stock were exchanged, compared to its average volume of 1,430,725. Global-E Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69. The firm has a 50 day moving average price of $34.52 and a two-hundred day moving average price of $45.34. The stock has a market cap of $5.38 billion, a P/E ratio of -72.14, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36.

Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The company had revenue of $189.88 million during the quarter, compared to analysts' expectations of $187.84 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The firm's revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) EPS. Sell-side analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal 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.