Global-E Online Ltd. (NASDAQ:GLBE) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 923,051 shares of the company's stock after buying an additional 31,019 shares during the quarter. Wellington Management Group LLP owned approximately 0.56% of Global-E Online worth $50,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GLBE. Fifth Third Bancorp raised its holdings in shares of Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company's stock worth $26,000 after buying 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 fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company's stock worth $43,000 after buying an additional 748 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Global-E Online during the 4th quarter worth $59,000. Whipplewood Advisors LLC purchased a new position in Global-E Online during the 4th quarter worth $65,000. Finally, Quarry LP increased its holdings in Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company's stock worth $88,000 after purchasing an additional 1,585 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-E Online Stock Down 4.9 %

Shares of Global-E Online stock traded down $1.78 during trading on Thursday, reaching $34.29. The company's stock had a trading volume of 352,613 shares, compared to its average volume of 1,345,849. The company has a market cap of $5.80 billion, a price-to-earnings ratio of -78.01, a P/E/G ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The company has a 50-day simple moving average of $43.64 and a two-hundred day simple moving average of $46.27.

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, topping analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $262.91 million during the quarter, compared to analysts' expectations of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business's quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. As a group, analysts anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. KeyCorp raised their price objective on Global-E Online from $55.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Global-E Online from $59.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Benchmark reduced their price objective on Global-E Online from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Piper Sandler raised their price objective on Global-E Online from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, Morgan Stanley upgraded Global-E Online from an "equal weight" rating to an "overweight" rating and reduced their price objective for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price 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.