BIT Capital GmbH Makes New Investment in Global-E Online Ltd. (NASDAQ:GLBE)

BIT Capital GmbH acquired a new stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,419 shares of the company's stock, valued at approximately $1,113,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Global-E Online by 40.7% during 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 during the period. Eventide Asset Management LLC raised its position in shares of Global-E Online by 59.1% in the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company's stock valued at $60,091,000 after buying an additional 580,450 shares in the last quarter. State Street Corp raised its position in shares of Global-E Online by 3.7% in the 3rd quarter. State Street Corp now owns 1,550,647 shares of the company's stock valued at $59,607,000 after buying an additional 55,760 shares in the last quarter. Fred Alger Management LLC bought a new stake in shares of Global-E Online during the 3rd quarter worth approximately $53,493,000. Finally, American Century Companies Inc. boosted its position in shares of Global-E Online by 9.1% during the 4th quarter. American Century Companies Inc. now owns 1,209,833 shares of the company's stock worth $65,972,000 after acquiring an additional 100,445 shares in the last quarter. Institutional investors own 94.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Global-E Online from $60.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. KeyCorp lifted their price target on shares of Global-E Online from $55.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Piper Sandler raised their target price on shares of Global-E Online from $63.00 to $66.00 and gave the company 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 dropped their price target for the company from $55.00 to $46.00 in a research note on Wednesday, March 26th. Finally, UBS Group dropped their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $58.33.

Global-E Online Stock Down 1.5 %

Global-E Online stock traded down $0.54 during midday trading on Monday, hitting $35.14. 375,813 shares of the stock were exchanged, compared to its average volume of 1,710,309. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of -79.80, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a 52-week low of $28.11 and a 52-week high of $63.69. The business's 50-day moving average price is $48.65 and its 200-day moving average price is $46.69.

Global-E Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. During the same period in the prior year, the company posted $0.22 earnings per share. Global-E Online's quarterly revenue was up 41.8% on a year-over-year basis. On average, sell-side analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal 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.