Next Century Growth Investors LLC Increases Position in Global-E Online Ltd. (NASDAQ:GLBE)

Next Century Growth Investors LLC lifted its holdings in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,075 shares of the company's stock after purchasing an additional 110,314 shares during the quarter. Global-E Online accounts for approximately 1.5% of Next Century Growth Investors LLC's investment portfolio, making the stock its 16th biggest holding. Next Century Growth Investors LLC owned 0.22% of Global-E Online worth $19,526,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in shares of Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after acquiring an additional 197 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 748 shares during the period. Arcadia Investment Management Corp MI bought a new position in Global-E Online during the fourth quarter worth about $59,000. Whipplewood Advisors LLC acquired a new position in Global-E Online during the fourth quarter worth approximately $65,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Global-E Online in the fourth quarter valued at approximately $99,000. Institutional investors own 94.60% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GLBE. Piper Sandler upped their target price on Global-E Online from $63.00 to $66.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Morgan Stanley raised shares of Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $55.00 to $46.00 in a research report on Wednesday, March 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $64.00 price target on shares of Global-E Online in a research report on Wednesday, March 12th. The Goldman Sachs Group decreased 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. Finally, KeyCorp boosted their price target on Global-E Online from $55.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $57.00.

Global-E Online Stock Up 2.5 %

GLBE traded up $0.81 on Thursday, hitting $32.81. The company's stock had a trading volume of 2,167,318 shares, compared to its average volume of 1,375,831. The company's 50 day simple moving average is $41.00 and its 200-day simple moving average is $46.04. Global-E Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The firm has a market cap of $5.55 billion, a P/E ratio of -74.33, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping 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 net margin of 10.04% and a negative return on equity of 8.56%. The business's revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. Equities analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

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.