SG Americas Securities LLC Buys 72,256 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

SG Americas Securities LLC increased its stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 708,649 shares of the company's stock after acquiring an additional 72,256 shares during the period. SG Americas Securities LLC owned approximately 0.42% of Global-E Online worth $25,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GLBE. Arcadia Investment Management Corp MI acquired a new position in Global-E Online in the 4th quarter worth approximately $59,000. Whipplewood Advisors LLC purchased a new stake in Global-E Online in the 4th quarter worth approximately $65,000. SBI Securities Co. Ltd. purchased a new stake in Global-E Online in the 4th quarter worth approximately $99,000. First Horizon Advisors Inc. lifted its position in Global-E Online by 388.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,014 shares of the company's stock worth $110,000 after buying an additional 1,602 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Global-E Online by 696.1% in the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company's stock worth $111,000 after buying an additional 1,775 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GLBE shares. Benchmark cut their price target on shares of Global-E Online from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley upgraded shares of Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. JMP Securities reiterated a "market outperform" rating and issued a $64.00 target price on shares of Global-E Online in a report on Thursday, May 15th. Wells Fargo & Company dropped their target price 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. Finally, Raymond James decreased their price target on shares of 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. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $48.00.

Global-E Online Price Performance

Shares of Global-E Online stock traded down $1.29 during trading on Friday, hitting $31.97. 1,385,807 shares of the company's stock traded hands, compared to its average volume of 1,508,407. The firm's fifty day moving average price is $34.15 and its 200 day moving average price is $44.31. Global-E Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The company has a market cap of $5.43 billion, a PE ratio of -72.66, a PEG ratio of 4.61 and a beta of 1.26.

Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The business had revenue of $189.88 million for the quarter, compared to analyst estimates of $187.84 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The firm's revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.19) EPS. As a group, equities research analysts anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Global-E Online 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.