USS Investment Management Ltd Invests $3.34 Million in Global-E Online Ltd. (NASDAQ:GLBE)

USS Investment Management Ltd purchased a new stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,207 shares of the company's stock, valued at approximately $3,336,000.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its position in Global-E Online by 69.1% during 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. grew its holdings in shares of Global-E Online by 2.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock valued at $436,000 after acquiring an additional 200 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Global-E Online by 1.3% during the 4th quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock valued at $930,000 after acquiring an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of 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 valued at $908,000 after acquiring an additional 260 shares in the last quarter. Finally, Juncture Wealth Strategies LLC grew its holdings in shares of Global-E Online by 3.9% during the 4th quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company's stock valued at $718,000 after acquiring an additional 494 shares in the last quarter. Institutional investors own 94.60% of the company's stock.

Global-E Online Price Performance

Shares of NASDAQ GLBE traded up $0.41 during mid-day trading on Thursday, hitting $31.88. The company had a trading volume of 1,013,552 shares, compared to its average volume of 1,427,370. The business's 50-day simple moving average is $34.52 and its 200-day simple moving average is $45.34. The firm has a market cap of $5.41 billion, a P/E ratio of -72.31, a PEG ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69.

Global-E Online (NASDAQ:GLBE - Get Free Report) last issued 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. The firm had revenue of $189.88 million during the quarter, compared to analysts' expectations of $187.84 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. Global-E Online's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the business earned ($0.19) earnings per share. As a group, sell-side analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Benchmark lowered their price target 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. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Global-E Online in a report on Thursday, May 15th. Morgan Stanley raised shares of Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $55.00 to $46.00 in a research note on Wednesday, March 26th. KeyCorp reduced their price objective on shares of Global-E Online from $60.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Raymond James reduced their price objective 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. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $49.42.

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.