Oppenheimer Asset Management Inc. increased its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 76.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,980 shares of the company's stock after acquiring an additional 15,635 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Global-E Online were worth $1,962,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after acquiring an additional 197 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Global-E Online by 1,968.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock worth $43,000 after acquiring an additional 748 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Global-E Online during the third quarter worth $32,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Global-E Online in the fourth quarter valued at about $59,000. Finally, Whipplewood Advisors LLC acquired a new stake in Global-E Online in the 4th quarter valued at about $65,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GLBE has been the topic of several analyst reports. Piper Sandler lifted their price target on Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. KeyCorp lifted their target price on shares of Global-E Online from $55.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Needham & Company LLC raised their target price on Global-E Online from $55.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. JMP Securities boosted their price target on shares of Global-E Online from $46.00 to $64.00 and gave the stock a "market outperform" rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company cut their target price on shares of Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.08.
Get Our Latest Stock Analysis on Global-E Online
Global-E Online Stock Down 1.8 %
NASDAQ:GLBE traded down $0.74 during mid-day trading on Thursday, reaching $39.77. 668,561 shares of the stock were exchanged, compared to its average volume of 1,229,196. Global-E Online Ltd. has a 1 year low of $28.11 and a 1 year high of $63.69. The company has a 50 day simple moving average of $54.42 and a 200-day simple moving average of $46.25. The stock has a market capitalization of $6.53 billion, a P/E ratio of -90.24, a P/E/G ratio of 4.61 and a beta of 1.23.
Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its earnings results 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 net margin of 10.04% and a negative return on equity of 8.56%. The business had revenue of $262.91 million during the quarter, compared to analysts' expectations of $250.96 million. During the same period in the prior year, the company earned $0.22 earnings per share. The business's revenue was up 41.8% compared to the same quarter last year. As a group, research analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.
Global-E Online Company Profile
(
Free Report)
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.
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