Global-E Online Ltd. (NASDAQ:GLBE) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its stake in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 29.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 414,578 shares of the company's stock after purchasing an additional 94,154 shares during the period. Sei Investments Co. owned about 0.25% of Global-E Online worth $22,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Global-E Online by 9.1% in the 4th quarter. American Century Companies Inc. now owns 1,209,833 shares of the company's stock valued at $65,972,000 after purchasing an additional 100,445 shares during the period. Quantbot Technologies LP purchased a new position in Global-E Online in the fourth quarter valued at $4,739,000. Blueshift Asset Management LLC acquired a new position in shares of Global-E Online in the fourth quarter worth about $499,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Global-E Online by 1.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company's stock worth $908,000 after acquiring an additional 260 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Global-E Online by 137.6% during the 4th quarter. Teacher Retirement System of Texas now owns 26,738 shares of the company's stock valued at $1,458,000 after acquiring an additional 15,486 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.

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Global-E Online Price Performance

GLBE traded down $1.04 on Friday, reaching $35.68. 1,102,673 shares of the company's stock were exchanged, compared to its average volume of 1,293,906. The stock has a market cap of $5.86 billion, a PE ratio of -81.09, a P/E/G ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $63.69. The stock's fifty day moving average price is $48.65 and its 200-day moving average price is $46.69.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) 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 business had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. During the same period in the prior year, the business 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Global-E Online from $56.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Needham & Company LLC reiterated a "buy" rating and set a $64.00 target price on shares of Global-E Online in a research report on Wednesday, March 12th. UBS Group cut their price target on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a report on Friday, February 21st. Benchmark reduced their price objective on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company dropped 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 report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $58.33.

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.