Price T Rowe Associates Inc. MD grew its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,157 shares of the company's stock after acquiring an additional 8,711 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Global-E Online were worth $3,281,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of GLBE. Hsbc Holdings PLC lifted its stake in Global-E Online by 68.8% during the fourth quarter. Hsbc Holdings PLC now owns 45,006 shares of the company's stock worth $2,449,000 after purchasing an additional 18,337 shares during the last quarter. State of Tennessee Department of Treasury bought a new stake in Global-E Online in the 4th quarter worth approximately $199,000. TD Waterhouse Canada Inc. boosted its stake in Global-E Online by 52.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,745 shares of the company's stock worth $204,000 after buying an additional 1,287 shares in the last quarter. MetLife Investment Management LLC grew its position in Global-E Online by 26.7% during the fourth quarter. MetLife Investment Management LLC now owns 11,399 shares of the company's stock valued at $622,000 after acquiring an additional 2,399 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Global-E Online by 951.2% during the fourth quarter. Marshall Wace LLP now owns 437,421 shares of the company's stock worth $23,853,000 after acquiring an additional 395,809 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.
Global-E Online Stock Performance
Shares of Global-E Online stock traded up $0.21 during trading hours on Friday, hitting $37.74. The company's stock had a trading volume of 1,249,171 shares, compared to its average volume of 1,393,906. Global-E Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69. The business has a 50 day moving average price of $35.55 and a two-hundred day moving average price of $45.80. The company has a market cap of $6.38 billion, a PE ratio of -85.77, a PEG ratio of 4.61 and a beta of 1.36.
Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $262.91 million for the quarter, compared to analysts' expectations of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The firm's revenue was up 41.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. As a group, research analysts anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current year.
Wall Street Analyst Weigh In
GLBE has been the topic of several recent research reports. KeyCorp reduced their target price on shares of Global-E Online from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. UBS Group decreased their price objective on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Piper Sandler decreased their price target on Global-E Online from $62.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley raised Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $55.00 to $46.00 in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company reduced their price target on Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Global-E Online has a consensus rating of "Buy" and a consensus price target of $51.33.
Check Out Our Latest Analysis on GLBE
Global-E Online Company 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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