TimesSquare Capital Management LLC lifted its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 770,999 shares of the company's stock after acquiring an additional 45,739 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.47% of Global-E Online worth $42,043,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GLBE. Fifth Third Bancorp raised its holdings in shares of 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 acquiring an additional 197 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Global-E Online during the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. raised its holdings in shares of Global-E Online by 1,968.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock valued at $43,000 after acquiring an additional 748 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Global-E Online during the third quarter valued at approximately $87,000. Finally, Quarry LP raised its holdings in shares of Global-E Online by 226.1% during the third quarter. Quarry LP now owns 2,286 shares of the company's stock valued at $88,000 after acquiring an additional 1,585 shares in the last quarter. Institutional investors own 94.60% of the company's stock.
Global-E Online Stock Down 3.3 %
Shares of NASDAQ GLBE traded down $1.56 during trading on Friday, reaching $45.07. The company had a trading volume of 2,912,725 shares, compared to its average volume of 1,496,892. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $63.69. The stock has a market cap of $7.40 billion, a PE ratio of -102.43, a P/E/G ratio of 5.03 and a beta of 1.23. The business's 50-day moving average is $56.49 and its 200 day moving average is $45.65.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.60% and a negative net margin of 10.04%. The company had revenue of $262.91 million for the quarter, compared to analysts' expectations of $250.96 million. During the same period last year, the firm posted $0.22 earnings per share. Global-E Online's revenue was up 41.8% compared to the same quarter last year. On average, analysts anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. KeyCorp upped their target price on 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 upped their price target on Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Benchmark reduced their price target on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday. The Goldman Sachs Group upped their price target on Global-E Online from $56.00 to $63.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, JMP Securities upped their price target on Global-E Online from $46.00 to $64.00 and gave the stock a "market outperform" rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Global-E Online currently has an average rating of "Moderate Buy" and a consensus target price of $59.58.
View Our Latest Stock Report on GLBE
Global-E Online Profile
(
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.
Read More
Before you consider Global-E Online, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global-E Online wasn't on the list.
While Global-E Online currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
