Y Intercept Hong Kong Ltd Has $5.63 Million Stock Position in Global-e Online Ltd. $GLBE

Y Intercept Hong Kong Ltd grew its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 413.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,722 shares of the company’s stock after purchasing an additional 135,053 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Global-e Online were worth $5,625,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Menora Mivtachim Holdings LTD. acquired a new position in shares of Global-e Online during the 1st quarter worth approximately $691,000. Penserra Capital Management LLC increased its position in shares of Global-e Online by 61.0% during the 1st quarter. Penserra Capital Management LLC now owns 131,622 shares of the company’s stock worth $4,691,000 after purchasing an additional 49,852 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Global-e Online by 111.1% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 380,000 shares of the company’s stock worth $13,547,000 after purchasing an additional 200,000 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Global-e Online by 207.6% during the 1st quarter. Raymond James Financial Inc. now owns 161,820 shares of the company’s stock worth $5,769,000 after purchasing an additional 109,220 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Global-e Online during the 1st quarter worth approximately $2,017,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Price Performance

Shares of NASDAQ GLBE opened at $34.81 on Tuesday. The stock’s fifty day moving average price is $34.83 and its two-hundred day moving average price is $34.01. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of -204.76, a P/E/G ratio of 1.84 and a beta of 1.25.

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

Global-e Online declared that its Board of Directors has approved a share repurchase plan on Thursday, September 4th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research raised Global-e Online to a “hold” rating in a research report on Friday, August 8th. Truist Financial lifted 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. The Goldman Sachs Group boosted their target price on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Global-e Online in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Global-e Online has a consensus rating of “Moderate Buy” and a consensus target price of $48.08.

Global-e Online 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.