Chicago Partners Investment Group LLC Sells 6,275 Shares of Global-e Online Ltd. $GLBE

Chicago Partners Investment Group LLC lowered its position in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 35.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,561 shares of the company’s stock after selling 6,275 shares during the period. Chicago Partners Investment Group LLC’s holdings in Global-e Online were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in GLBE. Berbice Capital Management LLC bought a new position in shares of Global-e Online during the first quarter worth approximately $36,000. Assetmark Inc. bought a new position in shares of Global-e Online during the first quarter worth approximately $45,000. Geneos Wealth Management Inc. increased its stake in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the period. Pacer Advisors Inc. increased its stake in shares of Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after purchasing an additional 488 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Global-e Online during the first quarter worth approximately $68,000. Institutional investors own 94.60% of the company’s stock.

Global-e Online Price Performance

Shares of NASDAQ:GLBE opened at $34.45 on Friday. The company has a market capitalization of $5.85 billion, a P/E ratio of -202.65, a P/E/G ratio of 1.82 and a beta of 1.25. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $63.69. The business’s 50 day simple moving average is $34.70 and its 200 day simple moving average is $33.97.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $214.88 million for the quarter, compared to the consensus estimate of $207.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online declared that its Board of Directors has initiated a stock buyback plan on Thursday, September 4th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GLBE. Truist Financial increased their target price on Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a research note on Thursday, July 17th. Zacks Research raised Global-e Online to a “hold” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their price target on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and an average target price of $48.08.

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.