LPL Financial LLC Has $2.79 Million Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

LPL Financial LLC lifted its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 90.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,123 shares of the company's stock after buying an additional 24,304 shares during the quarter. LPL Financial LLC's holdings in Global-E Online were worth $2,788,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Global-E Online by 40.7% during the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company's stock worth $70,979,000 after acquiring an additional 533,675 shares during the last quarter. State Street Corp grew its stake in Global-E Online by 3.7% during the 3rd quarter. State Street Corp now owns 1,550,647 shares of the company's stock valued at $59,607,000 after purchasing an additional 55,760 shares in the last quarter. American Century Companies Inc. increased its holdings in Global-E Online by 9.1% during the 4th quarter. American Century Companies Inc. now owns 1,209,833 shares of the company's stock worth $65,972,000 after purchasing an additional 100,445 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Global-E Online by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 933,476 shares of the company's stock valued at $35,722,000 after buying an additional 30,995 shares during the last quarter. Finally, Amundi grew its position in shares of Global-E Online by 126.9% during the fourth quarter. Amundi now owns 788,542 shares of the company's stock worth $41,619,000 after buying an additional 440,953 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GLBE. Morgan Stanley upgraded shares of Global-E Online from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $55.00 to $46.00 in a research note on Wednesday, March 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $64.00 target price on shares of Global-E Online in a report on Wednesday, March 12th. Benchmark lowered their price target on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a report on Thursday, February 20th. UBS Group lowered 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, Piper Sandler increased their price objective on shares of Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $57.00.

Global-E Online Trading Up 1.1 %

NASDAQ:GLBE traded up $0.34 during mid-day trading on Thursday, reaching $32.34. 916,305 shares of the stock were exchanged, compared to its average volume of 1,902,742. Global-E Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The business has a fifty day moving average price of $41.00 and a 200 day moving average price of $46.04. The firm has a market capitalization of $5.47 billion, a PE ratio of -73.42, a PEG ratio of 4.61 and a beta of 1.36.

Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company's quarterly revenue was up 41.8% compared to the same quarter last year. On average, sell-side analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Global-E Online Profile

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.