Quantbot Technologies LP Invests $4.74 Million in Global-E Online Ltd. (NASDAQ:GLBE)

Quantbot Technologies LP bought a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 86,911 shares of the company's stock, valued at approximately $4,739,000. Quantbot Technologies LP owned approximately 0.05% of Global-E Online as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in 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 purchasing an additional 748 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Global-E Online in the fourth quarter worth approximately $59,000. Whipplewood Advisors LLC bought a new stake in Global-E Online in the fourth quarter worth approximately $65,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of Global-E Online during the third quarter valued at approximately $87,000. 94.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GLBE shares. Raymond James boosted their price objective on Global-E Online from $41.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their price objective on Global-E Online from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. 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. The Goldman Sachs Group boosted their price objective 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, UBS Group decreased their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $59.08.

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Global-E Online Stock Performance

NASDAQ GLBE opened at $36.09 on Friday. The stock has a market cap of $5.93 billion, a P/E ratio of -82.02, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30. The stock has a 50 day simple moving average of $52.02 and a two-hundred day simple moving average of $46.31. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $63.69.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating 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 analyst estimates of $250.96 million. During the same quarter last year, the company earned $0.22 EPS. The firm's revenue for the quarter was up 41.8% on a year-over-year basis. Sell-side analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

About Global-E Online

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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