Global-e Online Ltd. (NASDAQ:GLBE) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 202.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,313 shares of the company's stock after buying an additional 84,545 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Global-e Online worth $4,503,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GLBE. SBI Securities Co. Ltd. purchased a new stake in shares of Global-e Online during the 4th quarter worth approximately $99,000. Siemens Fonds Invest GmbH bought a new position in shares of Global-e Online during the fourth quarter valued at about $124,000. US Bancorp DE purchased a new position in shares of Global-e Online in the fourth quarter worth $157,000. State of Tennessee Department of Treasury bought a new stake in shares of Global-e Online in the fourth quarter worth about $199,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in Global-e Online by 52.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,745 shares of the company's stock valued at $204,000 after acquiring an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.

Analyst Upgrades and Downgrades

GLBE has been the topic of a number of recent research reports. Truist Financial started coverage on shares of Global-e Online in a research report on Monday, June 2nd. They issued a "sell" rating and a $31.00 target price on the stock. Wells Fargo & Company cut their target price on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. The Goldman Sachs Group reduced their price objective on Global-e Online from $59.00 to $47.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Raymond James Financial lowered their price objective on Global-e Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.00.

Global-e Online Stock Performance

Global-e Online stock traded down $0.69 during mid-day trading on Tuesday, reaching $32.85. 1,434,615 shares of the company were exchanged, compared to its average volume of 1,529,311. The business has a fifty day moving average of $33.91 and a 200 day moving average of $42.57. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69. The firm has a market cap of $5.58 billion, a P/E ratio of -91.25, a PEG ratio of 1.95 and a beta of 1.26.

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