Nuveen LLC Buys Shares of 264,564 Global-e Online Ltd. $GLBE

Key Points

• Nuveen LLC recently acquired a new stake in Global-e Online Ltd., purchasing 264,564 shares valued at approximately $9.43 million, representing a 0.16% ownership of the company.
• Several hedge funds, including Fred Alger Management LLC and Jennison Associates LLC, significantly boosted their positions in Global-e Online, indicating strong institutional interest in the stock.
• Analysts have mixed opinions on Global-e Online, with a consensus rating of "Moderate Buy" and a price target averaging $48.33, following recent upgrades and downgrades from various financial firms.

Nuveen LLC bought a new position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 264,564 shares of the company's stock, valued at approximately $9,432,000. Nuveen LLC owned approximately 0.16% of Global-e Online as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Fred Alger Management LLC boosted its holdings in Global-e Online by 204.6% in the fourth quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company's stock worth $231,178,000 after acquiring an additional 2,847,868 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Global-e Online by 33,950.1% in the first quarter. Jennison Associates LLC now owns 1,418,526 shares of the company's stock valued at $50,570,000 after purchasing an additional 1,414,360 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Global-e Online in the fourth quarter valued at approximately $40,146,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Global-e Online in the fourth quarter valued at approximately $27,231,000. Finally, Whitebark Investors LP bought a new stake in Global-e Online during the fourth quarter worth $17,023,000. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Trading Down 2.1%

Shares of GLBE stock traded down $0.72 during midday trading on Friday, reaching $33.46. 1,317,902 shares of the stock were exchanged, compared to its average volume of 2,000,960. The firm has a market cap of $5.68 billion, a PE ratio of -196.82, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. The company's 50 day moving average is $33.06 and its two-hundred day moving average is $35.70. 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 posted 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 company had revenue of $214.88 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Raymond James Financial dropped their price target on Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Wells Fargo & Company dropped their price objective on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Benchmark dropped their price objective on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. Finally, Piper Sandler reissued an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 14th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.33.

About Global-e Online

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.