Fox Run Management L.L.C. bought a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,790 shares of the company's stock, valued at approximately $370,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fifth Third Bancorp raised its stake in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after purchasing an additional 197 shares during the period. Geneos Wealth Management Inc. lifted its stake 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 worth $43,000 after acquiring an additional 748 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Global-E Online during the 4th quarter worth about $59,000. Whipplewood Advisors LLC purchased a new position in Global-E Online during the 4th quarter valued at about $65,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Global-E Online in the fourth quarter worth approximately $99,000. Institutional investors and hedge funds own 94.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on GLBE. Wells Fargo & Company lowered their price objective on shares of 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. Piper Sandler boosted their price target on shares of Global-E Online from $63.00 to $66.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Morgan Stanley upgraded Global-E Online from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $55.00 to $46.00 in a report on Wednesday. UBS Group reduced their target price 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 Friday, February 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Global-E Online from $56.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Global-E Online presently has an average rating of "Buy" and a consensus price target of $58.33.
Get Our Latest Research Report on Global-E Online
Global-E Online Price Performance
NASDAQ:GLBE traded down $1.04 during midday trading on Friday, reaching $35.68. The stock had a trading volume of 1,102,673 shares, compared to its average volume of 1,293,906. The stock has a market capitalization of $5.86 billion, a P/E ratio of -81.09, a PEG ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a 1-year low of $28.11 and a 1-year high of $63.69. The firm's fifty day simple moving average is $48.65 and its 200-day simple moving average is $46.69.
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, 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 for the quarter, compared to the consensus estimate of $250.96 million. During the same period last year, the business posted $0.22 earnings per share. The firm's revenue was up 41.8% compared to the same quarter last year. On average, equities research analysts anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal 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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