Global-E Online Ltd. (NASDAQ:GLBE) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 106.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,902 shares of the company’s stock after buying an additional 25,247 shares during the period. Russell Investments Group Ltd.’s holdings in Global-E Online were worth $2,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 197 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after purchasing an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Global-E Online during the 4th quarter worth approximately $59,000. Whipplewood Advisors LLC acquired a new stake in Global-E Online in the fourth quarter valued at $65,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Global-E Online in the 4th quarter valued at about $99,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on GLBE. The Goldman Sachs Group cut their price objective on Global-E Online from $59.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $64.00 price objective on shares of Global-E Online in a research note on Wednesday, March 12th. Wells Fargo & Company decreased their price objective on shares of Global-E Online from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. UBS Group dropped their target price on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Piper Sandler lifted their price target on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, Global-E Online presently has an average rating of “Buy” and an average price target of $57.00.

Global-E Online Trading Up 1.4 %

NASDAQ GLBE opened at $32.44 on Friday. The company has a 50-day moving average price of $40.41 and a two-hundred day moving average price of $46.00. Global-E Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of -73.73, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. During the same period in the prior year, the company posted $0.22 EPS. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. As a group, equities research analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-E Online Company Profile

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.