Marshall Wace LLP Acquires 395,809 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Marshall Wace LLP lifted its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 951.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 437,421 shares of the company's stock after buying an additional 395,809 shares during the period. Marshall Wace LLP owned about 0.27% of Global-E Online worth $23,853,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of 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 worth $26,000 after acquiring an additional 197 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Global-E Online by 1,968.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock valued at $43,000 after buying an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Global-E Online in the fourth quarter valued at about $59,000. Whipplewood Advisors LLC acquired a new position in shares of Global-E Online in the fourth quarter worth approximately $65,000. Finally, SBI Securities Co. Ltd. bought a new stake in Global-E Online in the fourth quarter valued at approximately $99,000. Institutional investors and hedge funds own 94.60% of the company's stock.

Analyst Ratings Changes

GLBE has been the topic of a number of analyst reports. Piper Sandler upped their price objective 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. Benchmark dropped their price objective on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Morgan Stanley upgraded Global-E Online from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. UBS Group reduced their price objective on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group dropped 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 research report on Wednesday, April 2nd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $55.00.

Global-E Online Trading Up 3.9 %

Global-E Online stock traded up $1.24 during trading on Tuesday, hitting $32.94. 1,570,848 shares of the company were exchanged, compared to its average volume of 1,387,011. The business's 50 day moving average is $38.61 and its 200 day moving average is $45.97. The company has a market capitalization of $5.57 billion, a P/E ratio of -74.86, 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 announced its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company's revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS. Equities analysts expect that Global-E Online Ltd. will post 0.25 EPS 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.