Global-e Online Ltd. $GLBE Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 35.5% in the second quarter, Holdings Channel.com reports. The fund owned 515,000 shares of the company’s stock after buying an additional 135,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Global-e Online were worth $17,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of Global-e Online by 6.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company’s stock valued at $170,045,000 after acquiring an additional 308,218 shares during the last quarter. Contour Asset Management LLC lifted its position in shares of Global-e Online by 17.8% during the 1st quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company’s stock valued at $111,203,000 after acquiring an additional 472,380 shares during the last quarter. Arohi Asset Management PTE Ltd. lifted its position in shares of Global-e Online by 130.5% during the 1st quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company’s stock valued at $52,681,000 after acquiring an additional 836,522 shares during the last quarter. Jennison Associates LLC raised its stake in Global-e Online by 33,950.1% during the 1st quarter. Jennison Associates LLC now owns 1,418,526 shares of the company’s stock valued at $50,570,000 after purchasing an additional 1,414,360 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its stake in Global-e Online by 149.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company’s stock valued at $44,491,000 after purchasing an additional 748,608 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Trading Up 3.7%

NASDAQ GLBE opened at $36.10 on Wednesday. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The company has a market capitalization of $6.13 billion, a PE ratio of -212.35, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The firm’s fifty day simple moving average is $34.92 and its 200-day simple moving average is $34.02.

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

Global-e Online declared that its board has approved a stock buyback program on Thursday, September 4th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

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