Global-e Online Ltd. $GLBE Shares Sold by Temasek Holdings Private Ltd

Key Points

• Temasek Holdings Private Ltd has reduced its stake in Global-e Online by 6.2%, now owning approximately 1.47% of the company valued at $88.8 million.
• Major institutional investors have significantly increased their positions in Global-e Online, with Jennison Associates LLC expanding its stake by 33,950% during the first quarter.
• Global-e Online recently authorized a share buyback plan of $200 million, suggesting company leadership believes the stock is undervalued.

Temasek Holdings Private Ltd cut its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,491,323 shares of the company's stock after selling 165,129 shares during the period. Temasek Holdings Private Ltd owned approximately 1.47% of Global-e Online worth $88,816,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Scientech Research LLC acquired a new stake in Global-e Online during the 1st quarter worth approximately $1,056,000. Petrus Trust Company LTA lifted its holdings in shares of Global-e Online by 106.0% during the first quarter. Petrus Trust Company LTA now owns 12,800 shares of the company's stock worth $456,000 after purchasing an additional 6,586 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Global-e Online by 17.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock worth $1,948,000 after purchasing an additional 8,239 shares during the period. Amundi lifted its stake in shares of Global-e Online by 5.7% in the 1st quarter. Amundi now owns 833,265 shares of the company's stock worth $29,706,000 after acquiring an additional 44,723 shares during the period. Finally, Ampersand Capital Group L.P. lifted its stake in shares of Global-e Online by 27.5% in the 1st quarter. Ampersand Capital Group L.P. now owns 683,265 shares of the company's stock worth $24,358,000 after acquiring an additional 147,368 shares during the period. 94.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on GLBE. Zacks Research upgraded shares of Global-e Online to a "hold" rating in a research report on Friday, August 8th. Raymond James Financial reduced their price target on Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Wells Fargo & Company reduced their price target on Global-e Online from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Benchmark reduced their target price on Global-e Online from $61.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Truist Financial raised their target price on Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, July 17th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Global-e Online has a consensus rating of "Moderate Buy" and a consensus target price of $48.33.

Global-e Online Stock Down 1.8%

Shares of Global-e Online stock traded down $0.67 during trading on Wednesday, hitting $36.62. 1,450,399 shares of the company were exchanged, compared to its average volume of 1,892,383. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of -215.41, a P/E/G ratio of 1.94 and a beta of 1.24. The firm has a 50 day moving average price of $33.40 and a 200 day moving average price of $34.49.

Global-e Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The business had revenue of $214.88 million during the quarter, compared to analyst estimates of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The company's revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online announced that its board has initiated a stock repurchase program on Thursday, September 4th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Global-e Online 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.