Temasek Holdings Private Ltd Has $88.82 Million Stock Holdings in Global-e Online Ltd. $GLBE

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 trimmed its position in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,491,323 shares of the company's stock after selling 165,129 shares during the quarter. 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 institutional investors and hedge funds also recently modified their holdings of the company. Scientech Research LLC bought a new stake in shares of Global-e Online in the 1st quarter valued at about $1,056,000. Petrus Trust Company LTA raised its holdings in shares of Global-e Online by 106.0% in the 1st quarter. Petrus Trust Company LTA now owns 12,800 shares of the company's stock valued at $456,000 after purchasing an additional 6,586 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Global-e Online by 17.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock valued at $1,948,000 after purchasing an additional 8,239 shares during the period. Amundi raised its holdings in shares of Global-e Online by 5.7% in the 1st quarter. Amundi now owns 833,265 shares of the company's stock valued at $29,706,000 after purchasing an additional 44,723 shares during the period. Finally, Ampersand Capital Group L.P. raised its holdings 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 valued at $24,358,000 after purchasing an additional 147,368 shares during the period. 94.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GLBE shares. Zacks Research raised shares of Global-e Online to a "hold" rating in a report on Friday, August 8th. Needham & Company LLC restated a "buy" rating and set a $40.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. Truist Financial raised their target price on shares of Global-e Online from $31.00 to $32.00 and gave the stock a "sell" rating in a research note on Thursday, July 17th. JMP Securities restated a "market outperform" rating and set a $64.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. Finally, Raymond James Financial cut their target price on shares of Global-e Online from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $48.33.

Global-e Online Stock Down 2.6%

Shares of NASDAQ:GLBE traded down $0.97 during midday trading on Friday, hitting $35.68. The stock had a trading volume of 296,235 shares, compared to its average volume of 1,878,687. The company's 50-day moving average price is $33.55 and its 200-day moving average price is $34.45. The company has a market capitalization of $6.06 billion, a P/E ratio of -210.64, a price-to-earnings-growth ratio of 1.95 and a beta of 1.24. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $214.88 million during the quarter, compared to analysts' expectations 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 business's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online declared that its board has initiated a share buyback program on Thursday, September 4th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

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.