Clearbridge Investments LLC grew its position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,268,618 shares of the company's stock after purchasing an additional 34,391 shares during the quarter. Clearbridge Investments LLC owned approximately 1.38% of Global-E Online worth $123,708,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Fifth Third Bancorp boosted its position in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after buying an additional 197 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of 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 acquiring an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Global-E Online during the 4th quarter valued at about $59,000. Whipplewood Advisors LLC bought a new position in Global-E Online during the 4th quarter worth approximately $65,000. Finally, SBI Securities Co. Ltd. purchased a new position in Global-E Online in the 4th quarter worth approximately $99,000. 94.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on GLBE shares. Piper Sandler raised their target price on shares of Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Benchmark decreased their price objective on shares of 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. KeyCorp raised their target price on Global-E Online from $55.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. UBS Group dropped their price objective on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Wells Fargo & Company cut 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. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $57.00.
Get Our Latest Stock Report on GLBE
Global-E Online Stock Performance
Shares of Global-E Online stock traded down $2.88 during trading on Friday, hitting $29.18. The company's stock had a trading volume of 4,721,316 shares, compared to its average volume of 1,322,955. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $63.69. The company has a fifty day simple moving average of $46.39 and a two-hundred day simple moving average of $46.46. The company has a market capitalization of $4.79 billion, a PE ratio of -66.32, a P/E/G ratio of 4.61 and a beta of 1.30.
Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $262.91 million for the quarter, compared to analysts' expectations 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 business's revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. As a group, analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.
About Global-E Online
(
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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