Wellington Management Group LLP Has $33.46 Million Stock Holdings in Global-e Online Ltd. $GLBE

Key Points

• Wellington Management Group LLP increased its stake in Global-e Online Ltd. by 1.7% during the first quarter, purchasing an additional 15,412 shares, bringing its total ownership to approximately 938,463 shares worth $33.46 million.
• Global-e Online reported Q2 earnings with an EPS of $0.06, exceeding the consensus estimate, and saw a 27.9% increase in revenue year-over-year, totaling $214.88 million.
• Analyst ratings for Global-e Online show mixed sentiments, with a consensus of "Moderate Buy" and a price target averaging $48.33, with 11 analysts recommending a buy, one holding, and one selling the stock.

Wellington Management Group LLP lifted its stake in Global-e Online Ltd. (NASDAQ:GLBE - Free Report) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 938,463 shares of the company's stock after acquiring an additional 15,412 shares during the period. Wellington Management Group LLP owned 0.55% of Global-e Online worth $33,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Voya Investment Management LLC lifted its stake in Global-e Online by 1.3% during the fourth quarter. Voya Investment Management LLC now owns 17,060 shares of the company's stock valued at $930,000 after purchasing an additional 227 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Global-e Online by 7.1% during the fourth quarter. Mackenzie Financial Corp now owns 6,740 shares of the company's stock valued at $368,000 after purchasing an additional 448 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after purchasing an additional 488 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Global-e Online by 10.7% during the first quarter. Yousif Capital Management LLC now owns 6,054 shares of the company's stock valued at $216,000 after purchasing an additional 584 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Global-e Online by 1.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 36,505 shares of the company's stock valued at $1,991,000 after purchasing an additional 630 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GLBE shares. Needham & Company LLC reissued a "buy" rating and set a $40.00 target price on shares of Global-e Online in a research note on Thursday, May 15th. Piper Sandler reissued an "overweight" rating and set a $42.00 target price on shares of Global-e Online in a research note on Wednesday, May 14th. JMP Securities reissued 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. Truist Financial increased their target price on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, July 17th. 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 investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Global-e Online presently has a consensus rating of "Moderate Buy" and an average price target of $48.33.

Global-e Online Stock Down 2.1%

Shares of GLBE stock traded down $0.72 during trading hours on Friday, reaching $33.46. 1,317,902 shares of the stock traded hands, compared to its average volume of 2,000,960. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The business has a fifty day moving average price of $33.06 and a 200 day moving average price of $35.52. The firm has a market capitalization of $5.68 billion, a PE ratio of -196.82, a PEG ratio of 1.78 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The business had revenue of $214.88 million for the quarter, compared to analyst estimates of $207.95 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. The firm's revenue was up 27.9% compared to the same quarter last year. 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 earnings per share for the current fiscal 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.