Geode Capital Management LLC raised its position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 972,025 shares of the company's stock after purchasing an additional 38,549 shares during the quarter. Geode Capital Management LLC owned about 0.59% of Global-E Online worth $52,809,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after purchasing an additional 197 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Global-E Online by 1,968.4% during 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 bought a new stake in shares of Global-E Online during the 4th quarter worth $59,000. Whipplewood Advisors LLC acquired a new position in shares of Global-E Online in the 4th quarter worth $65,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Global-E Online during the fourth quarter worth $99,000. Institutional investors own 94.60% of the company's stock.
Global-E Online Stock Performance
Shares of NASDAQ GLBE traded up $0.44 during mid-day trading on Friday, reaching $32.44. 2,902,584 shares of the company traded hands, compared to its average volume of 1,382,848. The company's fifty day moving average is $39.80 and its two-hundred day moving average is $45.97. Global-E Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The stock has a market cap of $5.49 billion, a PE ratio of -73.73, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The company's quarterly revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. Research analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently commented on the company. The Goldman Sachs Group decreased their target price on Global-E Online from $59.00 to $47.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Needham & Company LLC restated a "buy" rating and set a $64.00 price target on shares of Global-E Online in a report on Wednesday, March 12th. Wells Fargo & Company dropped 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 note on Wednesday, March 5th. Piper Sandler lifted 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. Finally, KeyCorp upped their price target on shares of Global-E Online from $55.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $57.00.
Get Our Latest Stock Analysis on GLBE
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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