Graham Capital Management L.P. bought a new position in Global-e Online Ltd. (NASDAQ:GLBE – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 41,735 shares of the company's stock, valued at approximately $1,409,000.
Other hedge funds have also made changes to their positions in the company. Prospera Financial Services Inc bought a new stake in shares of Global-e Online in the 1st quarter worth approximately $71,000. Tortoise Index Solutions LLC bought a new stake in shares of Global-e Online in the 4th quarter worth approximately $87,000. Rockefeller Capital Management L.P. bought a new stake in shares of Global-e Online in the 4th quarter worth approximately $95,000. Griffin Asset Management Inc. lifted its holdings in shares of Global-e Online by 22.9% in the 1st quarter. Griffin Asset Management Inc. now owns 6,370 shares of the company's stock worth $215,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Global-e Online in the 4th quarter worth approximately $233,000. Institutional investors own 68.15% of the company's stock.
Get Global-e Online alerts:Global-e Online Trading Up 8.3 %
NASDAQ:GLBE opened at $33.58 on Monday. Global-e Online Ltd. has a twelve month low of $15.63 and a twelve month high of $77.38. The company has a 50-day moving average of $27.86 and a 200-day moving average of $26.68. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of -33.58 and a beta of 1.24.
Global-e Online (NASDAQ:GLBE – Get Rating) last posted its quarterly earnings data on Tuesday, August 16th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.01. Global-e Online had a negative net margin of 50.20% and a negative return on equity of 6.60%. The company had revenue of $87.31 million during the quarter, compared to analyst estimates of $83.50 million. During the same quarter last year, the firm posted $0.04 EPS. The business's revenue for the quarter was up 52.4% on a year-over-year basis. On average, research analysts forecast that Global-e Online Ltd. will post -1.24 earnings per share for the current year.Wall Street Analyst Weigh In
GLBE has been the topic of several recent research reports. Morgan Stanley raised their price target on Global-e Online from $34.00 to $51.00 and gave the stock an "overweight" rating in a report on Wednesday, August 17th. Needham & Company LLC lifted their target price on Global-e Online from $25.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, August 17th. KeyCorp lifted their target price on Global-e Online from $30.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, August 17th. Bank of America lifted their target price on Global-e Online from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, August 17th. Finally, Raymond James lifted their target price on Global-e Online from $25.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, August 17th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $40.89.
Global-e Online Company Profile
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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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