Global-E Online Ltd. (NASDAQ:GLBE) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its position in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,209,833 shares of the company's stock after buying an additional 100,445 shares during the quarter. American Century Companies Inc. owned 0.74% of Global-E Online worth $65,972,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GLBE. TimesSquare Capital Management LLC raised its holdings in shares of Global-E Online by 6.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company's stock valued at $42,043,000 after acquiring an additional 45,739 shares in the last quarter. Fred Alger Management LLC purchased a new position in Global-E Online during the 3rd quarter valued at about $53,493,000. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 533,675 shares in the last quarter. Meitav Investment House Ltd. purchased a new stake in shares of Global-E Online in the 4th quarter worth approximately $454,000. Finally, Amundi lifted its position in shares of Global-E Online by 126.9% in the 4th quarter. Amundi now owns 788,542 shares of the company's stock worth $41,619,000 after purchasing an additional 440,953 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-E Online Stock Performance

Shares of NASDAQ GLBE traded down $1.04 during mid-day trading on Friday, hitting $35.68. The stock had a trading volume of 1,102,673 shares, compared to its average volume of 1,293,906. The firm has a market cap of $5.86 billion, a PE ratio of -81.09, a PEG ratio of 4.61 and a beta of 1.30. The company has a 50 day moving average of $48.65 and a two-hundred day moving average of $46.62. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $63.69.

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Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company's revenue was up 41.8% on a year-over-year basis. Equities research analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GLBE. Benchmark reduced their price objective on shares of 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 boosted their price target on Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Morgan Stanley upgraded Global-E Online from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $55.00 to $46.00 in a research note on Wednesday. KeyCorp lifted their target price on Global-E Online from $55.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company decreased their price target on shares of Global-E Online from $60.00 to $54.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, Global-E Online has an average rating of "Buy" and a consensus target price of $58.33.

Global-E Online 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.