Oppenheimer & Co. Inc. increased its position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 113.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,190 shares of the company's stock after purchasing an additional 7,021 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Global-E Online were worth $719,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised 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 worth $26,000 after purchasing an additional 197 shares during the period. 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 worth $43,000 after purchasing an additional 748 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Global-E Online in the 3rd quarter worth about $32,000. Arcadia Investment Management Corp MI purchased a new position in shares of Global-E Online in the 4th quarter worth about $59,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Global-E Online in the 4th quarter worth about $65,000. 94.60% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently issued reports on GLBE. Needham & Company LLC increased their target price on Global-E Online from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Jefferies Financial Group increased their target price on Global-E Online from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Raymond James increased their target price on Global-E Online from $41.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. The Goldman Sachs Group increased their target price on Global-E Online from $56.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their target price on Global-E Online from $60.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $59.08.
Get Our Latest Analysis on Global-E Online
Global-E Online Stock Down 1.3 %
NASDAQ:GLBE traded down $0.51 during trading hours on Friday, reaching $38.81. 2,644,915 shares of the stock were exchanged, compared to its average volume of 1,237,894. The firm has a 50 day simple moving average of $53.77 and a 200-day simple moving average of $46.32. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $63.69. The stock has a market capitalization of $6.37 billion, a P/E ratio of -88.20, a P/E/G ratio of 4.61 and a beta of 1.30.
Global-E Online (NASDAQ:GLBE - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. During the same quarter last year, the business posted $0.22 EPS. Global-E Online's quarterly revenue was up 41.8% compared to the same quarter last year. As a group, analysts expect that Global-E Online Ltd. will post 0.25 earnings per share 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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