Trexquant Investment LP Purchases 63,336 Shares of Global-e Online Ltd. $GLBE

Key Points

• Trexquant Investment LP increased its holdings in Global-e Online Ltd. by 52.7%, totaling 183,426 shares worth approximately $6.54 million as per its latest SEC filing.
• The stock of Global-e Online has recently seen a 2.1% decline, with a current price of $33.46 and a market cap of $5.68 billion.
• Analysts maintain a consensus rating of "Moderate Buy" for the stock, with target prices ranging from $40.00 to $64.00.

Trexquant Investment LP raised its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 52.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,426 shares of the company's stock after acquiring an additional 63,336 shares during the quarter. Trexquant Investment LP owned about 0.11% of Global-e Online worth $6,539,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new position in Global-e Online in the 1st quarter valued at about $36,000. Assetmark Inc. bought a new position in Global-e Online in the 1st quarter valued at about $45,000. Pacer Advisors Inc. raised its holdings in Global-e Online by 52.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after acquiring an additional 488 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Global-e Online during the first quarter worth approximately $68,000. Finally, ASR Vermogensbeheer N.V. bought a new position in shares of Global-e Online during the first quarter worth approximately $122,000. 94.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GLBE. Benchmark lowered their target price on shares of Global-e Online from $61.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company lowered their target price on shares of Global-e Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Zacks Research raised shares of Global-e Online to a "hold" rating in a report on Friday, August 8th. Raymond James Financial lowered 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 report on Thursday, May 15th. Finally, 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 report on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.33.

Global-e Online Trading Up 4.5%

Global-e Online stock traded up $1.52 during mid-day trading on Thursday, reaching $35.02. The company had a trading volume of 1,651,048 shares, compared to its average volume of 1,884,659. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The company has a market cap of $5.94 billion, a P/E ratio of -206.01, a P/E/G ratio of 1.78 and a beta of 1.24. The business has a fifty day simple moving average of $33.15 and a 200 day simple moving average of $35.10.

Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results 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 firm had revenue of $214.88 million for 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 quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter last 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. Research analysts forecast that Global-e Online Ltd. will post 0.25 EPS for the current 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.