Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 18,069 shares of Global-e Online stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $44.51, for a total transaction of $804,251.19. Following the completion of the sale, the president owned 4,224,724 shares of the company's stock, valued at approximately $188,042,465.24. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Nir Debbi also recently made the following trade(s):
- On Wednesday, November 4th, Nir Debbi sold 100,000 shares of Global-e Online stock. The stock was sold at an average price of $44.59, for a total value of $4,459,000.00.
- On Monday, November 2nd, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $43.22, for a total value of $630,234.04.
- On Thursday, October 15th, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $39.81, for a total value of $580,509.42.
- On Thursday, October 1st, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.18, for a total value of $585,904.76.
- On Wednesday, September 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $36.89, for a total value of $307,367.48.
- On Monday, September 21st, Nir Debbi sold 12,272 shares of Global-e Online stock. The shares were sold at an average price of $39.56, for a total value of $485,480.32.
- On Friday, September 4th, Nir Debbi sold 228 shares of Global-e Online stock. The stock was sold at an average price of $39.21, for a total transaction of $8,939.88.
- On Tuesday, September 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $37.23, for a total transaction of $310,200.36.
Global-e Online Trading Down 1.2%
Global-e Online stock traded down $0.52 during trading hours on Friday, reaching $42.81. 318,561 shares of the stock were exchanged, compared to its average volume of 1,529,227. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $45.28. The company has a market cap of $7.27 billion, a P/E ratio of 49.78 and a beta of 1.10. The stock has a 50 day moving average of $39.74 and a two-hundred day moving average of $35.80.
Global-e Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The company had revenue of $299.00 million during the quarter. On average, analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently weighed in on GLBE. Needham & Company LLC restated a "buy" rating and set a $47.00 price objective on shares of Global-e Online in a research report on Tuesday, September 1st. Benchmark restated a "buy" rating on shares of Global-e Online in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Global-e Online from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 13th. UBS Group set a $54.00 target price on shares of Global-e Online and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Citigroup reiterated a "market outperform" rating on shares of Global-e Online in a research note on Thursday, August 13th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.08.
Get Our Latest Report on GLBE
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GLBE. Wellington Management Group LLP boosted its position in Global-e Online by 3,232.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company's stock worth $72,968,000 after buying an additional 2,037,962 shares during the period. Wasatch Advisors LP grew its holdings in Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company's stock worth $287,397,000 after acquiring an additional 1,816,606 shares during the last quarter. Bienville Capital Management LLC acquired a new position in Global-e Online in the 2nd quarter valued at approximately $13,021,000. Renaissance Technologies LLC acquired a new position in Global-e Online in the 1st quarter valued at approximately $8,512,000. Finally, Summit Creek Advisors LLC bought a new position in shares of Global-e Online during the second quarter valued at $5,974,000. Institutional investors own 94.60% of the company's stock.
About Global-e Online
(
Get Free Report)
Global-e Online Ltd. NASDAQ: GLBE provides a cross-border e-commerce platform that helps merchants sell products to international customers. Its technology is designed to localize the online shopping experience for different markets, including language, currency, payment methods, pricing, taxes and duties.
The company's platform also supports international shipping, order management, fraud prevention, customer service and returns. Global-e works with brands and retailers to integrate global e-commerce capabilities into their existing websites and digital commerce operations, helping them manage the operational and regulatory complexities of international sales.
Founded in 2013, Global-e serves merchants and shoppers across international markets.
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