Global-E Online Ltd. (NASDAQ:GLBE) Holdings Raised by Dragoneer Investment Group LLC

Dragoneer Investment Group LLC increased its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,734,024 shares of the company's stock after purchasing an additional 1,288,829 shares during the quarter. Global-E Online makes up approximately 10.2% of Dragoneer Investment Group LLC's holdings, making the stock its largest holding. Dragoneer Investment Group LLC owned 8.97% of Global-E Online worth $534,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Abdiel Capital Advisors LP grew its holdings in shares of Global-E Online by 1.4% during the second quarter. Abdiel Capital Advisors LP now owns 6,776,495 shares of the company's stock worth $245,783,000 after buying an additional 95,741 shares in the last quarter. Capital World Investors grew its stake in Global-E Online by 60.5% in the 1st quarter. Capital World Investors now owns 4,983,485 shares of the company's stock worth $181,150,000 after acquiring an additional 1,877,953 shares during the period. Eventide Asset Management LLC raised its holdings in Global-E Online by 0.5% in the 4th quarter. Eventide Asset Management LLC now owns 2,464,197 shares of the company's stock valued at $97,656,000 after acquiring an additional 13,350 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Global-E Online by 16.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,956,990 shares of the company's stock worth $71,137,000 after purchasing an additional 270,949 shares during the period. Finally, Brown Capital Management LLC acquired a new stake in shares of Global-E Online during the first quarter worth $69,352,000. Institutional investors and hedge funds own 94.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. KeyCorp reduced their target price on Global-E Online from $40.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, August 15th. Piper Sandler cut their price objective on shares of Global-E Online from $47.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, August 15th. JMP Securities restated a "market outperform" rating and issued a $46.00 target price on shares of Global-E Online in a report on Wednesday, July 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $48.00 price target on shares of Global-E Online in a research note on Thursday, August 15th. Finally, Bank of America lowered their price objective on shares of Global-E Online from $47.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Global-E Online has a consensus rating of "Buy" and a consensus price target of $42.82.

Global-E Online Stock Performance

Shares of NASDAQ:GLBE traded up $0.36 during midday trading on Thursday, hitting $37.70. 633,168 shares of the company's stock traded hands, compared to its average volume of 1,125,275. The firm's fifty day moving average price is $34.75 and its two-hundred day moving average price is $33.85. Global-E Online Ltd. has a twelve month low of $27.30 and a twelve month high of $42.88. The company has a market cap of $6.19 billion, a PE ratio of -50.95 and a beta of 1.09.

Global-E Online (NASDAQ:GLBE - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. The company had revenue of $168.00 million during the quarter, compared to the consensus estimate of $165.95 million. Global-E Online had a negative return on equity of 16.41% and a negative net margin of 17.33%. The company's revenue was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) earnings per share. As a group, equities research analysts anticipate that Global-E Online Ltd. will post -0.5 EPS for the current fiscal 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.