Aigen Investment Management LP bought a new position in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,708 shares of the company's stock, valued at approximately $802,000.
Several other institutional investors have also made changes to their positions in GLBE. Fred Alger Management LLC purchased a new position in Global-E Online during the third quarter valued at approximately $53,493,000. SG Americas Securities LLC grew its holdings in shares of Global-E Online by 5,939.0% during 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. Eventide Asset Management LLC grew its holdings in shares of Global-E Online by 59.1% during the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company's stock valued at $60,091,000 after acquiring an additional 580,450 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Global-E Online by 40.7% in the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company's stock worth $70,979,000 after acquiring an additional 533,675 shares during the last quarter. Finally, Arohi Asset Management PTE Ltd. raised its holdings in shares of Global-E Online by 128.4% during the third quarter. Arohi Asset Management PTE Ltd. now owns 629,606 shares of the company's stock worth $24,202,000 after acquiring an additional 353,973 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have weighed in on GLBE shares. 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 research report on Thursday, February 20th. Needham & Company LLC increased their price objective on Global-E Online from $55.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Raymond James lifted their target price on shares of Global-E Online from $41.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Jefferies Financial Group increased their price target on shares of Global-E Online from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Finally, Morgan Stanley lifted their price objective on shares of Global-E Online from $52.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Global-E Online presently has an average rating of "Moderate Buy" and an average target price of $59.08.
Check Out Our Latest Report on Global-E Online
Global-E Online Stock Performance
Global-E Online stock traded down $1.53 on Monday, reaching $37.28. The company's stock had a trading volume of 2,171,971 shares, compared to its average volume of 1,713,562. The business's fifty day moving average price is $53.77 and its 200 day moving average price is $46.39. The company has a market cap of $6.12 billion, a price-to-earnings ratio of -84.73, a PEG ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $63.69.
Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the prior year, the company earned $0.22 EPS. The firm's quarterly revenue was up 41.8% on a year-over-year basis. As a group, equities analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current year.
Global-E Online 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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