Stephens Investment Management Group LLC increased its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 55.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 169,959 shares of the company's stock after acquiring an additional 60,451 shares during the period. Stephens Investment Management Group LLC owned 0.10% of Global-e Online worth $6,059,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in GLBE. Bank of New York Mellon Corp increased its holdings in shares of Global-e Online by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 137,901 shares of the company's stock valued at $7,520,000 after acquiring an additional 4,524 shares during the last quarter. US Bancorp DE acquired a new position in shares of Global-e Online during the 4th quarter valued at about $157,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Global-e Online by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,032 shares of the company's stock valued at $3,982,000 after acquiring an additional 1,881 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Global-e Online during the 4th quarter valued at about $214,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Global-e Online during the 4th quarter valued at about $2,868,000. Institutional investors and hedge funds own 94.60% of the company's stock.
Global-e Online Trading Up 0.8%
Shares of Global-e Online stock traded up $0.28 during trading on Thursday, reaching $33.58. The company's stock had a trading volume of 2,266,005 shares, compared to its average volume of 1,556,958. The stock has a 50-day moving average price of $33.17 and a two-hundred day moving average price of $40.77. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The stock has a market capitalization of $5.70 billion, a P/E ratio of -93.28, a price-to-earnings-growth ratio of 1.98 and a beta of 1.25.
Global-e Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share 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 the consensus estimate 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 quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) earnings per share. As a group, sell-side analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on GLBE. Morgan Stanley raised Global-e Online from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $55.00 to $46.00 in a report on Wednesday, March 26th. The Goldman Sachs Group lowered their target price on Global-e Online from $59.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 target price on shares of Global-e Online in a report on Thursday, May 15th. Wells Fargo & Company lowered their target price 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. Finally, Benchmark lowered their target price on Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.08.
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Global-e Online Profile
(
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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