Renaissance Technologies LLC acquired a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,800 shares of the company's stock, valued at approximately $480,000.
Other large investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after purchasing an additional 197 shares during the period. Daiwa Securities Group Inc. lifted its position in Global-E Online by 2.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock valued at $436,000 after buying an additional 200 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Global-E Online by 1.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock valued at $908,000 after buying an additional 260 shares in the last quarter. Juncture Wealth Strategies LLC grew its position in shares of Global-E Online by 3.9% in the 4th quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company's stock worth $718,000 after buying an additional 494 shares during the period. Finally, Clay Northam Wealth Management LLC increased its stake in shares of Global-E Online by 3.0% in the 4th quarter. Clay Northam Wealth Management LLC now owns 23,030 shares of the company's stock worth $1,256,000 after acquiring an additional 675 shares in the last quarter. 94.60% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on GLBE shares. Piper Sandler cut their price objective on shares of Global-E Online from $62.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group reduced their price objective on Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Benchmark dropped their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reduced their price target on Global-E Online from $64.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group dropped their price target on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, Global-E Online presently has a consensus rating of "Buy" and a consensus target price of $51.33.
Read Our Latest Report on GLBE
Global-E Online Price Performance
Shares of GLBE stock traded up $0.80 on Wednesday, hitting $37.31. 1,046,593 shares of the stock traded hands, compared to its average volume of 1,399,890. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of -84.80, a PEG ratio of 4.61 and a beta of 1.36. The firm has a 50 day simple moving average of $35.72 and a two-hundred day simple moving average of $45.86. 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 released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $262.91 million during the quarter, compared to analyst estimates 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 business's quarterly revenue 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. Sell-side analysts forecast that Global-E Online Ltd. will post 0.25 EPS for the current year.
Global-E Online Company Profile
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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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