NZS Capital LLC grew its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 214.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 438,263 shares of the company's stock after acquiring an additional 299,062 shares during the period. NZS Capital LLC owned 0.27% of Global-E Online worth $23,898,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in Global-E Online in the 4th quarter valued at about $40,146,000. Norges Bank bought a new position in Global-E Online in the 4th quarter valued at about $38,875,000. SG Americas Securities LLC lifted its position in Global-E Online by 5,939.0% in the 4th quarter. SG Americas Securities LLC now owns 636,393 shares of the company's stock valued at $34,703,000 after acquiring an additional 625,855 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Global-E Online by 40.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company's stock valued at $70,979,000 after acquiring an additional 533,675 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Global-E Online in the 4th quarter valued at about $27,231,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
GLBE has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company dropped their target price on shares of Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley raised shares of Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $55.00 to $46.00 in a research report on Wednesday, March 26th. The Goldman Sachs Group dropped their target price on shares of Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Needham & Company LLC decreased their price target on shares of 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. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $51.33.
Read Our Latest Report on GLBE
Global-E Online Price Performance
Shares of NASDAQ:GLBE traded up $0.20 on Thursday, hitting $36.11. The company's stock had a trading volume of 1,053,234 shares, compared to its average volume of 1,401,820. The company has a 50-day simple moving average of $36.30 and a 200 day simple moving average of $45.86. Global-E Online Ltd. has a 1 year low of $26.64 and a 1 year high of $63.69. The company has a market capitalization of $6.11 billion, a PE ratio of -82.07, a PEG ratio of 4.61 and a beta of 1.36.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm 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 company's revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. On average, equities research analysts expect that Global-E Online Ltd. will post 0.25 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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