XTX Topco Ltd Has $394,000 Position in Global-E Online Ltd. (NASDAQ:GLBE)

XTX Topco Ltd lessened its position in Global-E Online Ltd. (NASDAQ:GLBE - Free Report) by 81.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,227 shares of the company's stock after selling 30,791 shares during the period. XTX Topco Ltd's holdings in Global-E Online were worth $394,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of GLBE. Clearbridge Investments LLC increased its position in shares of Global-E Online by 1.5% in the 4th quarter. Clearbridge Investments LLC now owns 2,268,618 shares of the company's stock valued at $123,708,000 after buying an additional 34,391 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Global-E Online by 40.7% in the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company's stock valued at $70,979,000 after acquiring an additional 533,675 shares during the period. American Century Companies Inc. raised its position in shares of Global-E Online by 9.1% during the fourth quarter. American Century Companies Inc. now owns 1,209,833 shares of the company's stock worth $65,972,000 after purchasing an additional 100,445 shares during the period. Geode Capital Management LLC raised its position in shares of Global-E Online by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 972,025 shares of the company's stock worth $52,809,000 after purchasing an additional 38,549 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Global-E Online by 3.5% during the 4th quarter. Wellington Management Group LLP now owns 923,051 shares of the company's stock valued at $50,334,000 after purchasing an additional 31,019 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Up 3.9 %

GLBE stock opened at $32.94 on Wednesday. The company has a market cap of $5.57 billion, a price-to-earnings ratio of -74.86, a P/E/G ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The business has a 50 day moving average price of $38.61 and a two-hundred day moving average price of $45.97.

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, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $262.91 million during the quarter, compared to analysts' expectations 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 firm's revenue was up 41.8% on a year-over-year basis. During the same period last year, the business earned $0.22 earnings per share. On average, equities research analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GLBE has been the topic of several research analyst reports. Needham & Company LLC dropped their target price on shares of Global-E Online from $64.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday. Benchmark dropped 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 Thursday, February 20th. KeyCorp upped their target price on shares of Global-E Online from $55.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Piper Sandler lifted their price target on Global-E Online from $63.00 to $66.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company cut their price target on Global-E Online from $60.00 to $54.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $55.00.

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.

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