Global-e Online Ltd. $GLBE Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has reduced its stake in Global-e Online Ltd. by 37.4%, selling 32,473 shares during the first quarter, leaving it with 54,438 shares valued at approximately $1.94 million.
• Global-e Online recently reported $0.06 earnings per share for the quarter, exceeding analysts' expectations of $0.02 while achieving a 27.9% year-over-year revenue growth.
• Institutional investors now own 94.60% of Global-e Online's stock, reflecting significant institutional interest and recent buying activity from other firms.

Quantbot Technologies LP cut its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 37.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,438 shares of the company's stock after selling 32,473 shares during the period. Quantbot Technologies LP's holdings in Global-e Online were worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLBE. Berbice Capital Management LLC purchased a new position in Global-e Online in the first quarter valued at $36,000. Assetmark Inc. purchased a new stake in shares of Global-e Online during the first quarter worth about $45,000. Pacer Advisors Inc. increased its stake in shares of Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Global-e Online during the first quarter worth about $68,000. Finally, ASR Vermogensbeheer N.V. purchased a new stake in shares of Global-e Online during the first quarter worth about $122,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Stock Up 2.8%

Shares of NASDAQ:GLBE traded up $0.89 during trading on Wednesday, reaching $32.85. The stock had a trading volume of 392,569 shares, compared to its average volume of 1,893,668. The business has a fifty day moving average price of $32.93 and a 200-day moving average price of $36.11. The stock has a market cap of $5.58 billion, a P/E ratio of -191.76, a PEG ratio of 1.72 and a beta of 1.24. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $214.88 million during the quarter, compared to analyst estimates 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 business posted ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts forecast that Global-e Online Ltd. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

GLBE has been the subject of several research reports. Truist Financial upped their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, July 17th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 target price on shares of Global-e Online in a report on Thursday, May 15th. Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research note on Friday, August 8th. Piper Sandler reaffirmed an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 14th. 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 report on Thursday, May 15th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.33.

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.