Hood River Capital Management LLC cut its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 37.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 905,174 shares of the company's stock after selling 549,982 shares during the period. Hood River Capital Management LLC owned 0.55% of Global-E Online worth $49,359,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in Global-E Online by 69.1% in 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 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 worth $43,000 after buying an additional 748 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Global-E Online in the fourth quarter valued at about $59,000. Whipplewood Advisors LLC bought a new position in Global-E Online during the fourth quarter worth about $65,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Global-E Online in the 4th quarter worth about $99,000. Institutional investors own 94.60% of the company's stock.
Global-E Online Trading Up 3.9 %
Global-E Online stock opened at $32.94 on Wednesday. The stock has a 50-day moving average price of $38.61 and a two-hundred day moving average price of $45.97. Global-E Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The company has a market capitalization of $5.57 billion, a PE ratio of -74.86, a P/E/G ratio of 4.61 and a beta of 1.36.
Global-E Online (NASDAQ:GLBE - Get Free Report) last announced 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. The firm had revenue of $262.91 million during the quarter, compared to analysts' expectations 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 revenue was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. As a group, analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Benchmark decreased their target price 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. Wells Fargo & Company decreased their price target 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. Needham & Company LLC reduced their price objective on shares of Global-E Online from $64.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday. The Goldman Sachs Group decreased their target price on shares of Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Piper Sandler upped their price target 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. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, Global-E Online has an average rating of "Buy" and an average target price of $55.00.
Check Out Our Latest Analysis on Global-E Online
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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