Mitsubishi UFJ Asset Management Co. Ltd. Has $4.68 Million Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 27.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,100 shares of the company's stock after buying an additional 18,300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.05% of Global-E Online worth $4,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in Global-E Online by 5,939.0% during the fourth quarter. SG Americas Securities LLC now owns 636,393 shares of the company's stock valued at $34,703,000 after purchasing an additional 625,855 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Global-E Online by 40.7% in the 3rd 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 period. Amundi lifted its position in Global-E Online by 126.9% during the 4th quarter. Amundi now owns 788,542 shares of the company's stock worth $41,619,000 after acquiring an additional 440,953 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Global-E Online by 44.0% during the third quarter. Wellington Management Group LLP now owns 892,032 shares of the company's stock valued at $34,290,000 after acquiring an additional 272,631 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Global-E Online by 1,701.7% in the fourth quarter. Principal Financial Group Inc. now owns 121,576 shares of the company's stock worth $6,630,000 after purchasing an additional 114,828 shares during the period. Hedge funds and other institutional investors own 94.60% of the company's stock.

Global-E Online Stock Performance

NASDAQ:GLBE traded down $2.88 during mid-day trading on Friday, hitting $29.18. The company had a trading volume of 4,721,316 shares, compared to its average volume of 1,323,119. The firm has a market cap of $4.94 billion, a P/E ratio of -66.32, a P/E/G ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $63.69. The business's fifty day moving average is $46.39 and its two-hundred day moving average is $46.58.

Global-E Online (NASDAQ:GLBE - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $262.91 million for the quarter, compared to analysts' expectations of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. Global-E Online's revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. Equities analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on GLBE. KeyCorp upped their target price on shares of Global-E Online from $55.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Benchmark lowered their price objective on 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 dropped their target price on Global-E Online from $60.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Needham & Company LLC reissued a "buy" rating and set a $64.00 price objective on shares of Global-E Online in a report on Wednesday, March 12th. Finally, UBS Group dropped 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 report on Friday, February 21st. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $57.00.

Global-E Online Company 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.