Whitebark Investors LP Makes New Investment in Global-E Online Ltd. (NASDAQ:GLBE)

Whitebark Investors LP purchased a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 312,173 shares of the company's stock, valued at approximately $17,023,000. Global-E Online makes up 7.9% of Whitebark Investors LP's holdings, making the stock its 5th biggest holding. Whitebark Investors LP owned about 0.19% of Global-E Online at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Fred Alger Management LLC boosted its holdings in shares of Global-E Online by 204.6% in the 4th quarter. Fred Alger Management LLC now owns 4,239,470 shares of the company's stock valued at $231,178,000 after purchasing an additional 2,847,868 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Global-E Online in the 4th quarter valued at $40,146,000. Norges Bank acquired a new stake in shares of Global-E Online in the 4th quarter valued at $38,875,000. SG Americas Securities LLC boosted its holdings in shares of Global-E Online by 5,939.0% in the 4th quarter. SG Americas Securities LLC now owns 636,393 shares of the company's stock valued at $34,703,000 after purchasing an additional 625,855 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Global-E Online in the 4th quarter valued at $27,231,000. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-E Online Trading Down 1.7%

NASDAQ:GLBE traded down $0.53 during trading hours on Friday, hitting $31.58. 1,756,039 shares of the company were exchanged, compared to its average volume of 1,427,801. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of -71.77, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The company has a fifty day simple moving average of $34.87 and a 200 day simple moving average of $45.56.

Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. The business had revenue of $189.88 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period last year, the company earned ($0.19) EPS. Equities research analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GLBE has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 target price on shares of Global-E Online in a report on Thursday, May 15th. JMP Securities reiterated a "market outperform" rating and issued a $64.00 price target on shares of Global-E Online in a research note on Thursday, May 15th. UBS Group dropped their price target on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Raymond James dropped their price target on 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. Finally, 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 research note on Wednesday, April 23rd. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $49.42.

About Global-E Online

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.