Stephens Investment Management Group LLC Purchases 60,451 Shares of Global-e Online Ltd. (NASDAQ:GLBE)

Stephens Investment Management Group LLC boosted its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 55.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,959 shares of the company's stock after buying an additional 60,451 shares during the period. Stephens Investment Management Group LLC owned about 0.10% of Global-e Online worth $6,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fred Alger Management LLC grew its position in Global-e Online by 204.6% in the fourth quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company's stock valued at $231,178,000 after acquiring an additional 2,847,868 shares during the period. Contour Asset Management LLC grew its holdings in shares of Global-e Online by 9.1% in the 4th quarter. Contour Asset Management LLC now owns 2,646,906 shares of the company's stock worth $144,336,000 after purchasing an additional 220,519 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Global-e Online by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 2,268,618 shares of the company's stock worth $123,708,000 after purchasing an additional 34,391 shares in the last quarter. Spyglass Capital Management LLC lifted its holdings in Global-e Online by 6.8% during the 4th quarter. Spyglass Capital Management LLC now owns 1,487,335 shares of the company's stock valued at $81,104,000 after purchasing an additional 94,664 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Global-e Online by 9.1% during the 4th quarter. American Century Companies Inc. now owns 1,209,833 shares of the company's stock valued at $65,972,000 after purchasing an additional 100,445 shares during the last quarter. Institutional investors own 94.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial assumed coverage on Global-e Online in a report on Monday, June 2nd. They issued a "sell" rating and a $31.00 price target for the company. Raymond James Financial reduced their target price 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. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of Global-e Online in a report on Thursday, May 15th. Morgan Stanley upgraded shares of Global-e Online from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $55.00 to $46.00 in a research report on Wednesday, March 26th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $42.00 price objective on shares of Global-e Online in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Global-e Online has an average rating of "Moderate Buy" and a consensus target price of $48.00.

Global-e Online Trading Down 1.3%

Global-e Online stock opened at $32.99 on Monday. The firm has a market capitalization of $5.60 billion, a P/E ratio of -91.64, a PEG ratio of 1.96 and a beta of 1.25. The business has a 50-day moving average of $33.47 and a 200-day moving average of $41.18. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $63.69.

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

Want to see what other hedge funds are holding GLBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global-e Online Ltd. (NASDAQ:GLBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.