Prostatis Group LLC purchased a new position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,170 shares of the company's stock, valued at approximately $363,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of Global-e Online by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company's stock worth $170,045,000 after acquiring an additional 308,218 shares during the period. Contour Asset Management LLC lifted its stake in Global-e Online by 17.8% in the 1st quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company's stock valued at $111,203,000 after buying an additional 472,380 shares in the last quarter. Spyglass Capital Management LLC lifted its stake in Global-e Online by 6.8% in the 4th quarter. Spyglass Capital Management LLC now owns 1,487,335 shares of the company's stock valued at $81,104,000 after buying an additional 94,664 shares in the last quarter. Arohi Asset Management PTE Ltd. lifted its stake in Global-e Online by 130.5% in the 1st quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company's stock valued at $52,681,000 after buying an additional 836,522 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in Global-e Online by 33,950.1% in the 1st quarter. Jennison Associates LLC now owns 1,418,526 shares of the company's stock valued at $50,570,000 after buying an additional 1,414,360 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on GLBE shares. JMP Securities reaffirmed a "market outperform" rating and issued a $64.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. Raymond James Financial reduced their target price on 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. Wells Fargo & Company reduced their target price 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. Zacks Research raised Global-e Online to a "hold" rating in a research note on Friday, August 8th. Finally, Truist Financial increased their price target on Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research note on Thursday, July 17th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $48.33.
Read Our Latest Report on GLBE
Global-e Online Stock Down 2.6%
Shares of GLBE stock traded down $0.97 on Friday, reaching $35.68. 989,362 shares of the stock were exchanged, compared to its average volume of 1,883,030. The stock has a market cap of $6.06 billion, a P/E ratio of -209.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24. The firm has a 50 day moving average of $33.55 and a two-hundred day moving average of $34.45. 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 data on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $214.88 million during 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 business's revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.
Global-e Online announced that its board has approved a share repurchase program on Thursday, September 4th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
Global-e Online 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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