Principal Financial Group Inc. grew its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 1,701.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,576 shares of the company's stock after purchasing an additional 114,828 shares during the quarter. Principal Financial Group Inc. owned about 0.07% of Global-E Online worth $6,630,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its stake in shares of Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after buying an additional 197 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Global-E Online in the third quarter worth $32,000. Geneos Wealth Management Inc. grew its position 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 valued at $43,000 after purchasing an additional 748 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Global-E Online during the 3rd quarter valued at $87,000. Finally, Quarry LP raised its stake in shares of Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company's stock valued at $88,000 after purchasing an additional 1,585 shares during the period. Institutional investors own 94.60% of the company's stock.
Global-E Online Price Performance
GLBE stock traded down $1.18 during mid-day trading on Thursday, hitting $39.32. 1,664,329 shares of the stock were exchanged, compared to its average volume of 1,231,661. The business has a fifty day moving average price of $54.09 and a 200 day moving average price of $46.20. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $63.69. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of -89.36, a PEG 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 earnings per share 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 during the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the previous year, the company posted $0.22 EPS. Global-E Online's quarterly revenue was up 41.8% compared to the same quarter last year. As a group, equities analysts forecast that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GLBE has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their target price on Global-E Online from $45.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. The Goldman Sachs Group boosted their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Needham & Company LLC increased their target price on shares of Global-E Online from $55.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Wells Fargo & Company cut their price target on shares of Global-E Online from $60.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Raymond James upped their price target on shares of Global-E Online from $41.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Global-E Online currently has a consensus rating of "Moderate Buy" and an average price target of $59.08.
View Our Latest Stock Analysis on Global-E Online
About Global-E Online
(
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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