Barclays PLC boosted its holdings in Global-e Online Ltd. (NASDAQ:GLBE – Get Rating) by 1,168.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,113 shares of the company's stock after purchasing an additional 79,323 shares during the quarter. Barclays PLC owned approximately 0.06% of Global-e Online worth $2,304,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Abdiel Capital Advisors LP boosted its stake in Global-e Online by 48.2% in the 2nd quarter. Abdiel Capital Advisors LP now owns 14,816,911 shares of the company's stock worth $298,857,000 after purchasing an additional 4,816,249 shares during the period. Goldman Sachs Group Inc. boosted its stake in Global-e Online by 1,236.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 6,969,582 shares of the company's stock worth $140,576,000 after purchasing an additional 6,448,167 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Global-e Online in the 2nd quarter worth approximately $45,321,000. Nikko Asset Management Americas Inc. boosted its position in shares of Global-e Online by 57.2% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,246,939 shares of the company's stock valued at $45,163,000 after acquiring an additional 817,918 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Global-e Online by 53.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,500,733 shares of the company's stock valued at $30,270,000 after acquiring an additional 522,417 shares during the last quarter. 61.12% of the stock is currently owned by institutional investors.
Get Global-e Online alerts:Global-e Online Stock Up 4.7 %
GLBE stock opened at $32.74 on Friday. The business's fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $25.59. Global-e Online Ltd. has a twelve month low of $15.63 and a twelve month high of $47.70. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of -26.84 and a beta of 1.22.
Global-e Online (NASDAQ:GLBE – Get Rating) last released its earnings results on Wednesday, November 16th. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.10). Global-e Online had a negative return on equity of 13.72% and a negative net margin of 53.83%. The business had revenue of $105.56 million during the quarter, compared to analysts' expectations of $101.48 million. Research analysts expect that Global-e Online Ltd. will post -1.37 EPS for the current year.Wall Street Analyst Weigh In
GLBE has been the subject of a number of research reports. KeyCorp lowered their target price on Global-e Online from $40.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday, November 17th. Jefferies Financial Group lowered their target price on Global-e Online from $42.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, November 17th. Piper Sandler lowered their target price on Global-e Online from $30.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, November 17th. Morgan Stanley lowered their target price on Global-e Online from $48.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, December 16th. Finally, The Goldman Sachs Group lowered their target price on Global-e Online from $33.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, January 9th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $34.67.
Global-e Online 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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