Boulder Hill Capital Management LP Invests $284,000 in Global-E Online Ltd. (NASDAQ:GLBE)

Boulder Hill Capital Management LP purchased a new position in Global-E Online Ltd. (NASDAQ:GLBEFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 7,161 shares of the company’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Commonwealth Equity Services LLC bought a new position in Global-E Online in the third quarter worth approximately $251,000. Yousif Capital Management LLC bought a new position in Global-E Online in the third quarter worth approximately $223,000. Teacher Retirement System of Texas bought a new position in Global-E Online in the third quarter worth approximately $293,000. Principal Financial Group Inc. bought a new position in Global-E Online in the third quarter worth approximately $278,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Global-E Online during the 3rd quarter valued at $839,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-E Online Trading Down 1.9 %

Shares of NASDAQ GLBE traded down $0.61 during trading on Friday, reaching $31.22. 1,191,410 shares of the company traded hands, compared to its average volume of 1,767,816. Global-E Online Ltd. has a 12-month low of $27.30 and a 12-month high of $45.72. The firm’s fifty day simple moving average is $32.78 and its 200 day simple moving average is $35.37. The stock has a market cap of $5.13 billion, a P/E ratio of -42.19 and a beta of 1.13.

Global-E Online (NASDAQ:GLBEGet Free Report) last announced its quarterly earnings results on Monday, May 20th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.04. Global-E Online had a negative return on equity of 18.05% and a negative net margin of 20.52%. The firm had revenue of $145.90 million during the quarter, compared to analyst estimates of $141.55 million. During the same quarter in the previous year, the business earned ($0.26) EPS. Global-E Online’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, research analysts expect that Global-E Online Ltd. will post -0.52 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on GLBE. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research report on Tuesday, May 21st. Morgan Stanley raised Global-E Online from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $33.00 to $37.00 in a research report on Tuesday, May 21st. Benchmark restated a “buy” rating and issued a $41.00 target price on shares of Global-E Online in a research note on Tuesday, May 21st. Piper Sandler restated an “overweight” rating and issued a $50.00 target price on shares of Global-E Online in a research note on Thursday, February 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $46.00 price objective on shares of Global-E Online in a research note on Tuesday, May 28th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $43.83.

Check Out Our Latest Stock Report on GLBE

About Global-E Online

(Free Report)

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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Institutional Ownership by Quarter for Global-E Online (NASDAQ:GLBE)

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