Stephens Investment Management Group LLC Has $7.90 Million Stock Position in Global-e Online Ltd. $GLBE

Key Points

• Stephens Investment Management Group LLC increased its stake in Global-e Online Ltd. by 38.5% during the second quarter, resulting in ownership of 235,420 shares worth approximately $7.90 million.
• Goldman Sachs raised its price target for Global-e Online from $39.00 to $44.00, maintaining a "buy" rating, while the stock currently has an average rating of "Moderate Buy" with a consensus target of $48.08.
• Global-e Online announced a $200 million stock buyback program, allowing the company to repurchase up to 3.5% of its shares, indicating management's belief that the stock is undervalued.

Stephens Investment Management Group LLC grew its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 38.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,420 shares of the company's stock after buying an additional 65,461 shares during the quarter. Stephens Investment Management Group LLC owned 0.14% of Global-e Online worth $7,896,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Berbice Capital Management LLC acquired a new position in Global-e Online in the 1st quarter worth $36,000. Assetmark Inc. bought a new stake in shares of Global-e Online in the first quarter valued at about $45,000. Geneos Wealth Management Inc. lifted its holdings in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock worth $50,000 after buying an additional 488 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Global-e Online in the 1st quarter valued at approximately $68,000. 94.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GLBE. The Goldman Sachs Group upped their price target on Global-e Online from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Weiss Ratings restated a "sell (d+)" rating on shares of Global-e Online in a report on Wednesday, October 8th. Truist Financial lifted their price target on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, July 17th. Finally, Zacks Research upgraded shares of 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 assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Global-e Online presently has an average rating of "Moderate Buy" and a consensus price target of $48.08.

Global-e Online Stock Down 0.6%

GLBE opened at $34.09 on Thursday. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of -200.53, a PEG ratio of 1.83 and a beta of 1.25. The business has a 50 day moving average of $34.63 and a 200-day moving average of $33.94.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $214.88 million during the quarter, compared to analysts' expectations of $207.95 million. During the same period last year, the firm posted ($0.13) earnings per share. The business's revenue was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online announced that its board has authorized a stock buyback program on Thursday, September 4th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

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.

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