NASDAQ:GLBE - Free Report ) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 739,580 shares of the company's stock after purchasing an additional 80,880 shares during the quarter. TimesSquare Capital Management LLC owned about 0.45% of Global-E Online worth $29,310,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Commonwealth Equity Services LLC purchased a new position in shares of Global-E Online during the third quarter worth about $251,000. Robeco Institutional Asset Management B.V. purchased a new position in Global-E Online in the 3rd quarter worth approximately $228,000. Bank of New York Mellon Corp bought a new position in shares of Global-E Online in the 3rd quarter worth $5,991,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Global-E Online during the 3rd quarter valued at $175,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Global-E Online by 21.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,724 shares of the company's stock valued at $2,453,000 after buying an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company's stock.
Wall Street Analyst Weigh In A number of research analysts recently commented on GLBE shares. The Goldman Sachs Group increased their target price on Global-E Online from $36.00 to $46.00 and gave the company a "buy" rating in a research note on Thursday, January 11th. Piper Sandler reiterated an "overweight" rating and set a $50.00 price objective on shares of Global-E Online in a research report on Thursday, February 22nd. Needham & Company LLC restated a "buy" rating and issued a $48.00 target price on shares of Global-E Online in a research report on Friday, April 5th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $40.00 price target on shares of Global-E Online in a research report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.
View Our Latest Analysis on Global-E Online
Global-E Online Price Performance Global-E Online stock traded down $2.83 during trading hours on Wednesday, reaching $29.86. The stock had a trading volume of 3,260,383 shares, compared to its average volume of 1,103,986. The stock has a market cap of $4.90 billion, a PE ratio of -36.86 and a beta of 1.13. The company has a fifty day simple moving average of $34.38 and a 200-day simple moving average of $36.07. Global-E Online Ltd. has a 52 week low of $27.30 and a 52 week high of $45.72.
Global-E Online (NASDAQ:GLBE - Get Free Report ) last posted its earnings results on Wednesday, February 21st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Global-E Online had a negative return on equity of 19.33% and a negative net margin of 23.48%. The business had revenue of $185.40 million during the quarter, compared to the consensus estimate of $181.74 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm's revenue for the quarter was up 32.5% compared to the same quarter last year. Research analysts predict that Global-E Online Ltd. will post -0.5 earnings per share for the current fiscal year.
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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