Temasek Holdings Private Ltd Has $144.86 Million Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Temasek Holdings Private Ltd trimmed its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,656,452 shares of the company’s stock after selling 835,245 shares during the quarter. Temasek Holdings Private Ltd owned about 1.62% of Global-E Online worth $144,856,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TimesSquare Capital Management LLC increased its holdings in shares of Global-E Online by 6.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company’s stock worth $42,043,000 after purchasing an additional 45,739 shares during the period. Meitav Investment House Ltd. acquired a new stake in Global-E Online during the fourth quarter worth approximately $454,000. Amundi increased its stake in Global-E Online by 126.9% during the 4th quarter. Amundi now owns 788,542 shares of the company’s stock worth $41,619,000 after acquiring an additional 440,953 shares during the period. Aigen Investment Management LP acquired a new position in Global-E Online in the 4th quarter valued at $802,000. Finally, Mount Yale Investment Advisors LLC raised its holdings in Global-E Online by 143.8% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company’s stock valued at $1,118,000 after acquiring an additional 12,094 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Stock Performance

NASDAQ GLBE opened at $33.04 on Friday. The firm’s fifty day moving average price is $35.34 and its two-hundred day moving average price is $45.79. The stock has a market cap of $5.59 billion, a PE ratio of -75.09, a PEG ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company had revenue of $189.88 million for the quarter, compared to the consensus estimate of $187.84 million. As a group, sell-side analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on GLBE. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Global-E Online in a research report on Thursday. Wells Fargo & Company decreased their target price on shares of Global-E Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley raised shares of Global-E Online from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $55.00 to $46.00 in a report on Wednesday, March 26th. Raymond James reduced their price target on shares of Global-E Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Benchmark lowered their price objective on shares of Global-E Online from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Global-E Online currently has an average rating of “Buy” and an average price target of $49.42.

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.