Global-E Online Ltd. (NASDAQ:GLBE) Shares Sold by Hood River Capital Management LLC

Hood River Capital Management LLC trimmed its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 37.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 905,174 shares of the company's stock after selling 549,982 shares during the period. Hood River Capital Management LLC owned approximately 0.55% of Global-E Online worth $49,359,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GLBE. Fifth Third Bancorp raised its holdings in Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after acquiring an additional 197 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock valued at $43,000 after purchasing an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Global-E Online in the fourth quarter worth approximately $59,000. Whipplewood Advisors LLC purchased a new stake in shares of Global-E Online in the 4th quarter worth $65,000. Finally, SBI Securities Co. Ltd. bought a new position in Global-E Online in the 4th quarter worth $99,000. 94.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GLBE has been the topic of several recent research reports. The Goldman Sachs Group decreased their price objective on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC cut their price target on Global-E Online from $64.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley raised Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $55.00 to $46.00 in a research note on Wednesday, March 26th. UBS Group lowered their price target 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. Finally, KeyCorp lowered 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. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $51.33.

Global-E Online Trading Down 2.0 %

Shares of GLBE stock traded down $0.72 on Monday, reaching $35.51. 234,196 shares of the company's stock were exchanged, compared to its average volume of 1,399,682. The company's fifty day simple moving average is $37.00 and its 200 day simple moving average is $46.01. The stock has a market capitalization of $6.00 billion, a PE ratio of -80.60, a P/E/G ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $262.91 million during the quarter, compared to analysts' expectations of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. Global-E Online's revenue for the quarter was up 41.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 earnings per share. As a group, sell-side analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-E Online Company 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.