UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 12.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 540,985 shares of the company's stock after selling 77,331 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.33% of Global-E Online worth $29,500,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. USS Investment Management Ltd bought a new position in shares of Global-E Online during the 4th quarter worth approximately $3,336,000. Voloridge Investment Management LLC acquired a new stake in Global-E Online during the 4th quarter valued at $14,319,000. Whitebark Investors LP bought a new position in Global-E Online during the fourth quarter worth $17,023,000. Sphera Management Technology Funds Ltd acquired a new position in shares of Global-E Online in the fourth quarter valued at $1,636,000. Finally, Spyglass Capital Management LLC raised its position in shares of Global-E Online by 6.8% in the fourth quarter. Spyglass Capital Management LLC now owns 1,487,335 shares of the company's stock valued at $81,104,000 after purchasing an additional 94,664 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.
Global-E Online Trading Up 1.5%
GLBE traded up $0.47 on Friday, hitting $31.87. 10,045,535 shares of the company's stock traded hands, compared to its average volume of 1,479,393. Global-E Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of -72.43, a P/E/G ratio of 4.61 and a beta of 1.36. The company's 50 day simple moving average is $34.37 and its 200-day simple moving average is $45.28.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.11) EPS 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 firm had revenue of $189.88 million for the quarter, compared to the consensus estimate of $187.84 million. The company's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. As a group, equities analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently commented on GLBE shares. Raymond James decreased their price target on shares of Global-E Online from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Morgan Stanley upgraded Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. JMP Securities reiterated 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. KeyCorp dropped their price target on Global-E Online from $60.00 to $45.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their price objective on Global-E Online from $45.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Global-E Online presently has a consensus rating of "Buy" and an average price target of $49.42.
Read Our Latest Report on Global-E Online
Global-E Online Profile
(
Free Report)
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.
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