Two Sigma Investments LP Buys New Shares in Global-E Online Ltd. (NASDAQ:GLBE)

Two Sigma Investments LP bought a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,700 shares of the company's stock, valued at approximately $3,146,000.

A number of other large investors have also added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its stake in Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after purchasing an additional 197 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Global-E Online by 2.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock valued at $436,000 after purchasing an additional 200 shares during the period. Voya Investment Management LLC increased its holdings in Global-E Online by 1.3% in the fourth quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock valued at $930,000 after buying an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Global-E Online by 1.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock worth $908,000 after purchasing an additional 260 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Global-E Online by 1.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 36,505 shares of the company's stock worth $1,991,000 after acquiring an additional 630 shares during the last quarter. Institutional investors own 94.60% of the company's stock.

Analyst Ratings Changes

GLBE has been the subject of a number of recent research reports. Benchmark decreased 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. Piper Sandler reaffirmed an "overweight" rating and issued a $42.00 target price on shares of Global-E Online in a report on Wednesday, May 14th. Raymond James reduced their price objective 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. UBS Group reduced their price objective on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley upgraded Global-E Online from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $55.00 to $46.00 in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. According to data from MarketBeat, Global-E Online presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.00.

Global-E Online Trading Down 0.3%

NASDAQ GLBE traded down $0.11 during midday trading on Tuesday, hitting $32.09. The company had a trading volume of 1,909,879 shares, compared to its average volume of 1,487,783. The firm has a 50-day moving average price of $34.13 and a 200-day moving average price of $45.20. Global-E Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The company has a market capitalization of $5.45 billion, a PE ratio of -72.93, a P/E/G ratio of 4.61 and a beta of 1.36.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The company had revenue of $189.88 million during the quarter, compared to analysts' expectations of $187.84 million. During the same period in the prior year, the company posted ($0.19) earnings per share. Global-E Online's revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current year.

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.