Global-e Online Ltd. (NASDAQ:GLBE) Holdings Increased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 61.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,622 shares of the company's stock after acquiring an additional 49,852 shares during the quarter. Penserra Capital Management LLC owned approximately 0.08% of Global-e Online worth $4,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GLBE. SBI Securities Co. Ltd. bought a new stake in Global-e Online during the 4th quarter valued at $99,000. Siemens Fonds Invest GmbH purchased a new stake in shares of Global-e Online during the 4th quarter valued at $124,000. US Bancorp DE purchased a new stake in shares of Global-e Online during the 4th quarter valued at $157,000. State of Tennessee Department of Treasury purchased a new stake in shares of Global-e Online during the 4th quarter valued at $199,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Global-e Online by 52.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,745 shares of the company's stock valued at $204,000 after purchasing an additional 1,287 shares during the last quarter. Institutional investors own 94.60% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler reiterated an "overweight" rating and set a $42.00 price objective on shares of Global-e Online in a report on Wednesday, May 14th. Raymond James Financial lowered their price target on Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Truist Financial assumed coverage on Global-e Online in a research report on Monday, June 2nd. They set a "sell" rating and a $31.00 price target for the company. Needham & Company LLC reaffirmed 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, Benchmark lowered 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. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $48.00.

Global-e Online Stock Up 1.1%

NASDAQ GLBE traded up $0.37 during trading hours on Wednesday, hitting $33.21. 396,762 shares of the stock were exchanged, compared to its average volume of 1,540,282. The company has a market cap of $5.64 billion, a price-to-earnings ratio of -91.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69. The stock has a 50-day moving average of $33.64 and a 200 day moving average of $41.73.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.02. Global-e Online had a negative net margin of 7.70% and a negative return on equity of 6.96%. The company had revenue of $189.88 million during the quarter, compared to analysts' expectations of $187.84 million. During the same period last year, the company posted ($0.19) earnings per share. The firm's quarterly revenue was up 30.2% compared to the same quarter last year. On average, equities research analysts expect that Global-e Online Ltd. will post 0.25 earnings per share 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.