Raymond James Financial Inc. lifted its holdings in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 207.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,820 shares of the company's stock after purchasing an additional 109,220 shares during the period. Raymond James Financial Inc. owned about 0.10% of Global-e Online worth $5,769,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Fred Alger Management LLC grew 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 valued at $231,178,000 after purchasing an additional 2,847,868 shares during the period. Contour Asset Management LLC lifted its position in shares of Global-e Online by 9.1% during the 4th quarter. Contour Asset Management LLC now owns 2,646,906 shares of the company's stock valued at $144,336,000 after buying an additional 220,519 shares in the last quarter. Spyglass Capital Management LLC grew 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 acquiring an additional 94,664 shares during the period. Jennison Associates LLC increased its holdings 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 worth $50,570,000 after acquiring an additional 1,414,360 shares in the last quarter. Finally, Barton Investment Management raised its position in Global-e Online by 3.4% during the first quarter. Barton Investment Management now owns 1,036,767 shares of the company's stock worth $36,961,000 after acquiring an additional 34,080 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.
Global-e Online Price Performance
Shares of Global-e Online stock opened at $33.50 on Thursday. The stock has a market cap of $5.69 billion, a P/E ratio of -197.06, a P/E/G ratio of 1.78 and a beta of 1.24. The stock's 50 day simple moving average is $33.15 and its 200-day simple moving average is $35.10. 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 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $214.88 million during the quarter, compared to analysts' expectations 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 quarter last year, the firm earned ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research report on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. Wells Fargo & Company lowered their price objective on Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Truist Financial increased their target price on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Finally, Raymond James Financial lowered their price target 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. Eleven equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.33.
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About Global-e Online
(
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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