Emerson Point Capital LP acquired a new position in Global-e Online Ltd. (NASDAQ:GLBE – Get Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 310,825 shares of the company's stock, valued at approximately $10,500,000. Global-e Online comprises 2.1% of Emerson Point Capital LP's portfolio, making the stock its 15th biggest holding. Emerson Point Capital LP owned 0.22% of Global-e Online at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Viking Global Investors LP lifted its holdings in Global-e Online by 1.8% during the 1st quarter. Viking Global Investors LP now owns 5,128,448 shares of the company's stock worth $173,239,000 after buying an additional 89,557 shares in the last quarter. SRS Investment Management LLC lifted its holdings in Global-e Online by 17.6% during the 1st quarter. SRS Investment Management LLC now owns 3,989,461 shares of the company's stock worth $134,764,000 after buying an additional 596,760 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Global-e Online by 62.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,649,361 shares of the company's stock worth $167,943,000 after buying an additional 1,020,736 shares in the last quarter. Eventide Asset Management LLC lifted its holdings in Global-e Online by 347.5% during the 4th quarter. Eventide Asset Management LLC now owns 2,139,886 shares of the company's stock worth $135,647,000 after buying an additional 1,661,688 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC lifted its holdings in Global-e Online by 2.6% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 1,510,302 shares of the company's stock worth $51,018,000 after buying an additional 37,889 shares in the last quarter. 68.15% of the stock is currently owned by institutional investors and hedge funds.
Get Global-e Online alerts:Global-e Online Stock Performance
Shares of Global-e Online stock opened at $35.60 on Tuesday. Global-e Online Ltd. has a 1 year low of $15.63 and a 1 year high of $77.38. The company has a market capitalization of $5.54 billion, a P/E ratio of -35.60 and a beta of 1.24. The company's fifty day moving average is $28.13 and its two-hundred day moving average is $26.65.
Global-e Online (NASDAQ:GLBE – Get Rating) last issued its quarterly earnings data on Tuesday, August 16th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $83.50 million. During the same period last year, the firm posted $0.04 EPS. Global-e Online's revenue for the quarter was up 52.4% on a year-over-year basis. As a group, equities analysts expect that Global-e Online Ltd. will post -1.24 earnings per share for the current year.Wall Street Analysts Forecast Growth
A number of brokerages have commented on GLBE. Piper Sandler increased their price objective on shares of Global-e Online from $28.00 to $41.00 and gave the company an "overweight" rating in a research report on Wednesday, August 17th. The Goldman Sachs Group increased their price objective on shares of Global-e Online from $31.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 17th. Jefferies Financial Group dropped their price objective on shares of Global-e Online from $70.00 to $31.00 in a research report on Tuesday, May 17th. Bank of America increased their price objective on shares of Global-e Online from $30.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 17th. Finally, JMP Securities dropped their price objective on shares of Global-e Online from $80.00 to $41.00 and set a "market outperform" rating on the stock in a research report on Tuesday, May 17th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target 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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