Capital Fund Management S.A. Buys 17,778 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Capital Fund Management S.A. lifted its holdings in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,550 shares of the company's stock after purchasing an additional 17,778 shares during the period. Capital Fund Management S.A. owned 0.08% of Global-E Online worth $7,228,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after acquiring an additional 197 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Global-E Online by 1,968.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock valued at $43,000 after buying an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Global-E Online in the 4th quarter worth approximately $59,000. Whipplewood Advisors LLC acquired a new position in shares of Global-E Online during the fourth quarter worth approximately $65,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Global-E Online in the fourth quarter valued at approximately $99,000. 94.60% of the stock is currently owned by institutional investors.

Global-E Online Trading Up 1.4 %

Shares of Global-E Online stock traded up $0.44 during mid-day trading on Friday, reaching $32.44. 2,902,584 shares of the stock were exchanged, compared to its average volume of 1,380,445. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -73.73, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The firm has a 50-day simple moving average of $40.41 and a 200 day simple moving average of $46.00.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its 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. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The company had revenue of $262.91 million during the quarter, compared to analysts' expectations of $250.96 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. Global-E Online's quarterly revenue was up 41.8% compared to the same quarter last year. On average, research analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on GLBE shares. Piper Sandler upped 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 note on Monday, January 6th. KeyCorp boosted their price target 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. UBS Group reduced their price objective 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. Wells Fargo & Company lowered their price objective on Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Finally, Morgan Stanley raised Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $55.00 to $46.00 in a research report on Wednesday, March 26th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Global-E Online has an average rating of "Buy" and a consensus price target of $57.00.

About Global-E Online

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.