American Trust bought a new position in shares of Global-e Online Ltd. (NASDAQ:GLBE – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,300 shares of the company's stock, valued at approximately $415,000.
A number of other institutional investors have also recently bought and sold shares of the business. Viking Global Investors LP grew 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 acquiring an additional 89,557 shares during the period. SRS Investment Management LLC boosted its position in shares of Global-e Online by 17.6% during the first quarter. SRS Investment Management LLC now owns 3,989,461 shares of the company's stock worth $134,764,000 after purchasing an additional 596,760 shares in the last quarter. Eventide Asset Management LLC boosted its position in shares of Global-e Online by 16.6% during the first quarter. Eventide Asset Management LLC now owns 2,495,391 shares of the company's stock worth $84,294,000 after purchasing an additional 355,505 shares in the last quarter. Dragoneer Investment Group LLC boosted its position in shares of Global-e Online by 81.7% during the first quarter. Dragoneer Investment Group LLC now owns 2,243,489 shares of the company's stock worth $75,785,000 after purchasing an additional 1,008,637 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its position in shares of Global-e Online by 2.6% during the first quarter. Zevenbergen Capital Investments LLC now owns 1,510,302 shares of the company's stock worth $51,018,000 after purchasing an additional 37,889 shares in the last quarter. Institutional investors and hedge funds own 68.15% of the company's stock.
Get Global-e Online alerts:Global-e Online Price Performance
Global-e Online stock opened at $33.27 on Friday. The firm has a 50-day moving average of $28.89 and a 200-day moving average of $26.60. Global-e Online Ltd. has a one year low of $15.63 and a one year high of $77.38. The company has a market cap of $5.18 billion, a price-to-earnings ratio of -33.27 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) EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $83.50 million. During the same period in the prior year, the business posted $0.04 EPS. The company's quarterly revenue was up 52.4% on a year-over-year basis. As a group, sell-side analysts expect that Global-e Online Ltd. will post -1.24 earnings per share for the current year.Wall Street Analysts Forecast Growth
GLBE has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Global-e Online from $31.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, August 17th. Needham & Company LLC lifted their price target on shares of Global-e Online from $25.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, August 17th. Raymond James lifted their price target on shares of Global-e Online from $25.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 17th. Bank of America upped their target price on shares of Global-e Online from $30.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, August 17th. Finally, KeyCorp upped their target price on shares of Global-e Online from $30.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 17th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $40.89.
About Global-e Online
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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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