Noked Israel Ltd grew its holdings in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 252,818 shares of the company's stock after buying an additional 102,818 shares during the quarter. Global-E Online accounts for approximately 2.7% of Noked Israel Ltd's holdings, making the stock its 11th biggest holding. Noked Israel Ltd owned 0.15% of Global-E Online worth $13,786,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Nuveen Asset Management LLC raised its position in shares of Global-E Online by 8.2% in the 4th quarter. Nuveen Asset Management LLC now owns 284,869 shares of the company's stock valued at $15,534,000 after acquiring an additional 21,608 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Global-E Online in the fourth quarter valued at $1,009,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Global-E Online by 16.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,415 shares of the company's stock valued at $2,531,000 after purchasing an additional 6,544 shares in the last quarter. Ethic Inc. bought a new position in shares of Global-E Online in the 4th quarter valued at about $428,000. Finally, Fred Alger Management LLC grew its position 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 acquiring an additional 2,847,868 shares during the period. Institutional investors own 94.60% of the company's stock.
Global-E Online Stock Down 0.2%
Shares of Global-E Online stock traded down $0.07 on Friday, hitting $33.04. The stock had a trading volume of 1,647,543 shares, compared to its average volume of 1,445,219. Global-E Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of -75.09, a PEG ratio of 4.61 and a beta of 1.36. The stock's 50-day simple moving average is $35.34 and its two-hundred day simple moving average is $45.74.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, beating 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 business had revenue of $189.88 million for the quarter, compared to analysts' expectations of $187.84 million. As a group, equities analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on GLBE shares. Morgan Stanley raised shares of Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. KeyCorp dropped 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. JMP Securities restated a "market outperform" rating and issued a $64.00 target price on shares of Global-E Online in a research report on Thursday. Benchmark dropped their target price on shares of Global-E Online from $61.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $42.00 price target on shares of Global-E Online in a report on Wednesday. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $49.42.
Get Our Latest Report on GLBE
About Global-E Online
(
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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