Global-E Online Ltd. (NASDAQ:GLBE) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd trimmed its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,656,452 shares of the company's stock after selling 835,245 shares during the quarter. Temasek Holdings Private Ltd owned 1.62% of Global-E Online worth $144,856,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Siemens Fonds Invest GmbH bought a new stake in shares of Global-E Online in the fourth quarter worth $124,000. Polar Asset Management Partners Inc. acquired a new position in Global-E Online during the 4th quarter worth $3,883,000. ProShare Advisors LLC increased its position in shares of Global-E Online by 2.4% in the 4th quarter. ProShare Advisors LLC now owns 42,293 shares of the company's stock worth $2,306,000 after purchasing an additional 993 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Global-E Online by 14.7% in the 4th quarter. Quantinno Capital Management LP now owns 7,511 shares of the company's stock valued at $410,000 after purchasing an additional 962 shares in the last quarter. Finally, Noked Israel Ltd raised its stake 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 valued at $13,786,000 after purchasing an additional 102,818 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group decreased their price target on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Raymond James decreased their target price on Global-E Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. The Goldman Sachs Group dropped their price target on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their target price on shares of Global-E Online from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of Global-E Online in a research report on Thursday, May 15th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Global-E Online currently has a consensus rating of "Buy" and an average target price of $49.42.

Global-E Online Stock Down 1.2%

NASDAQ GLBE traded down $0.39 on Friday, hitting $31.72. The stock had a trading volume of 648,506 shares, compared to its average volume of 1,420,657. The company's 50-day moving average is $34.96 and its two-hundred day moving average is $45.57. 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 cap of $5.38 billion, a price-to-earnings ratio of -72.24, a P/E/G ratio of 4.61 and a beta of 1.36.

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, topping the consensus estimate of ($0.13) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business had revenue of $189.88 million during the quarter, compared to the consensus estimate of $187.84 million. During the same period in the previous year, the firm posted ($0.19) earnings per share. The business's revenue was up 30.2% on a year-over-year basis. On average, sell-side analysts anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

About Global-E Online

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.