Jump Financial LLC purchased a new position in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 97,172 shares of the company's stock, valued at approximately $5,299,000. Jump Financial LLC owned 0.06% of Global-E Online at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings 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 buying an additional 197 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Global-E Online by 1,968.4% during 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 during the period. Arcadia Investment Management Corp MI purchased a new stake in Global-E Online in the 4th quarter worth approximately $59,000. Whipplewood Advisors LLC bought a new position in Global-E Online in the 4th quarter valued at $65,000. Finally, SBI Securities Co. Ltd. bought a new position in Global-E Online in the 4th quarter valued at $99,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.
Global-E Online Stock Performance
Shares of NASDAQ GLBE traded up $0.25 during mid-day trading on Tuesday, hitting $31.95. 371,462 shares of the stock traded hands, compared to its average volume of 1,378,920. The stock has a fifty day moving average price of $39.21 and a 200-day moving average price of $46.06. The company has a market cap of $5.40 billion, a price-to-earnings ratio of -72.29, a PEG ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69.
Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The company had revenue of $262.91 million for the quarter, compared to the consensus estimate 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 firm's 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. As a group, sell-side analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on GLBE. Piper Sandler upped their target price 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 dropped their price target on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price objective on Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Morgan Stanley raised Global-E Online from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $55.00 to $46.00 in a research note on Wednesday, March 26th. Finally, KeyCorp lifted 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Global-E Online presently has an average rating of "Buy" and an average target price of $55.00.
View 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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