Trexquant Investment LP Buys New Stake in Global-E Online Ltd. (NASDAQ:GLBE)

Trexquant Investment LP acquired a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 120,090 shares of the company's stock, valued at approximately $6,549,000. Trexquant Investment LP owned approximately 0.07% of Global-E Online as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its holdings in shares of Global-E Online by 1.5% during the fourth quarter. Clearbridge Investments LLC now owns 2,268,618 shares of the company's stock valued at $123,708,000 after acquiring an additional 34,391 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Global-E Online by 40.7% during the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company's stock valued at $70,979,000 after buying an additional 533,675 shares during the period. State Street Corp raised its stake in Global-E Online by 3.7% in the third quarter. State Street Corp now owns 1,550,647 shares of the company's stock worth $59,607,000 after buying an additional 55,760 shares in the last quarter. American Century Companies Inc. lifted its holdings in Global-E Online by 9.1% in the fourth quarter. American Century Companies Inc. now owns 1,209,833 shares of the company's stock worth $65,972,000 after buying an additional 100,445 shares during the period. Finally, FMR LLC grew its holdings in shares of Global-E Online by 4.1% during the 3rd quarter. FMR LLC now owns 979,371 shares of the company's stock worth $37,647,000 after acquiring an additional 38,597 shares during the period. Institutional investors own 94.60% of the company's stock.

Global-E Online Price Performance

NASDAQ:GLBE traded down $2.20 during midday trading on Thursday, hitting $33.87. The company's stock had a trading volume of 677,285 shares, compared to its average volume of 1,347,223. The firm has a market cap of $5.73 billion, a P/E ratio of -76.50, a P/E/G ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The firm's 50 day moving average is $43.64 and its 200-day moving average is $46.27.

Global-E Online (NASDAQ:GLBE - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business's quarterly revenue was up 41.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. As a group, analysts forecast that Global-E Online Ltd. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Piper Sandler raised their price objective on Global-E Online from $63.00 to $66.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Morgan Stanley raised Global-E Online from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. Wells Fargo & Company dropped their price target 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, March 5th. Finally, Benchmark reduced their target price on Global-E Online from $68.00 to $64.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Global-E Online has a consensus rating of "Buy" and an average price target of $57.00.

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.