Quantbot Technologies LP Trims Stake in Global-e Online Ltd. $GLBE

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 trimmed its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 37.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GLBE. Fred Alger Management LLC lifted its stake in shares of Global-e Online by 204.6% in the 4th quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company's stock valued at $231,178,000 after purchasing an additional 2,847,868 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of 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 purchasing an additional 1,414,360 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Global-e Online in the 4th quarter valued at approximately $40,146,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Global-e Online in the 4th quarter valued at approximately $27,231,000. Finally, Deepwater Asset Management LLC bought a new stake in shares of Global-e Online in the 1st quarter valued at approximately $12,493,000. 94.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GLBE has been the subject of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $64.00 price objective on shares of Global-e Online in a research note on Thursday, May 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Global-e Online in a research note on Thursday, May 15th. Benchmark lowered 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. Wells Fargo & Company decreased their price target 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. Finally, Zacks Research raised Global-e Online to a "hold" rating in a research note on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $48.33.

Global-e Online Trading Up 5.1%

Shares of GLBE stock traded up $1.62 on Friday, reaching $33.28. 1,236,570 shares of the company's stock were exchanged, compared to its average volume of 1,968,523. Global-e Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69. The stock has a market capitalization of $5.65 billion, a PE ratio of -195.76, a P/E/G ratio of 1.86 and a beta of 1.24. The company's fifty day simple moving average is $32.89 and its 200 day simple moving average is $36.33.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm had revenue of $214.88 million during the quarter, compared to analyst estimates of $207.95 million. During the same period last year, the company earned ($0.13) EPS. Global-e Online's quarterly revenue was up 27.9% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict 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.