XTX Topco Ltd Sells 30,791 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

XTX Topco Ltd reduced its holdings in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,227 shares of the company's stock after selling 30,791 shares during the quarter. XTX Topco Ltd's holdings in Global-E Online were worth $394,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp grew its position 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 worth $26,000 after buying an additional 197 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Global-E Online by 2.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company's stock worth $436,000 after buying an additional 200 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Global-E Online by 1.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock worth $908,000 after buying an additional 260 shares during the last quarter. Juncture Wealth Strategies LLC lifted its stake 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 valued at $718,000 after purchasing an additional 494 shares during the period. Finally, Clay Northam Wealth Management LLC lifted 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 valued at $1,256,000 after purchasing an additional 675 shares during the period. 94.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Global-E Online from $60.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Benchmark lowered their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Piper Sandler lowered their target price on Global-E Online from $62.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group lowered their target price on Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Morgan Stanley upgraded Global-E Online from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $55.00 to $46.00 in a research note on Wednesday, March 26th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, Global-E Online has an average rating of "Buy" and an average target price of $51.33.

Global-E Online Trading Down 1.3 %

Global-E Online stock traded down $0.46 during mid-day trading on Monday, hitting $35.76. The company had a trading volume of 765,866 shares, compared to its average volume of 1,401,744. The stock's 50 day moving average price is $36.70 and its two-hundred day moving average price is $46.00. Global-E Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The company has a market capitalization of $6.05 billion, a PE ratio of -81.27, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36.

Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $262.91 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. Equities research analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current 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.