Spyglass Capital Management LLC raised its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,487,335 shares of the company's stock after purchasing an additional 94,664 shares during the quarter. Global-E Online accounts for about 4.6% of Spyglass Capital Management LLC's portfolio, making the stock its 9th largest position. Spyglass Capital Management LLC owned about 0.91% of Global-E Online worth $81,104,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. TimesSquare Capital Management LLC lifted its holdings in shares of Global-E Online by 6.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company's stock worth $42,043,000 after acquiring an additional 45,739 shares during the last quarter. Meitav Investment House Ltd. bought a new stake in shares of Global-E Online in the 4th quarter worth about $454,000. Noked Israel Ltd lifted its holdings in shares of Global-E Online by 68.5% in the 4th quarter. Noked Israel Ltd now owns 252,818 shares of the company's stock worth $13,786,000 after acquiring an additional 102,818 shares during the last quarter. Ethic Inc. bought a new stake in shares of Global-E Online in the 4th quarter worth about $428,000. Finally, Amundi lifted its holdings in shares of Global-E Online by 126.9% in the 4th quarter. Amundi now owns 788,542 shares of the company's stock worth $41,619,000 after acquiring an additional 440,953 shares during the last quarter. Institutional investors own 94.60% of the company's stock.
Global-E Online Price Performance
NASDAQ GLBE traded down $0.53 during trading on Friday, reaching $31.58. 1,756,039 shares of the company's stock traded hands, compared to its average volume of 1,424,987. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of -71.77, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36. The company's 50 day simple moving average is $34.87 and its two-hundred day simple moving average is $45.51. Global-E Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69.
Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.02. The business had revenue of $189.88 million for the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) EPS. Research analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.
Analysts Set New Price Targets
GLBE has been the subject of several analyst reports. Piper Sandler restated an "overweight" rating and issued a $42.00 target price on shares of Global-E Online in a report on Wednesday, May 14th. Morgan Stanley upgraded shares of Global-E Online from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. The Goldman Sachs Group reduced their price target on shares of Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $64.00 price target on shares of Global-E Online in a research note on Thursday, May 15th. Finally, UBS Group reduced their price target on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, Global-E Online currently has an average rating of "Buy" and a consensus price target of $49.42.
Get Our Latest Stock Report on Global-E Online
Global-E Online Company Profile
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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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