Yelin Lapidot Holdings Management Ltd. Grows Position in Global-e Online Ltd. $GLBE

Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 837,183 shares of the company’s stock after buying an additional 64,000 shares during the quarter. Global-e Online accounts for about 6.3% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its 4th largest position. Yelin Lapidot Holdings Management Ltd. owned approximately 0.49% of Global-e Online worth $29,938,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. North Peak Capital Management LLC purchased a new stake in Global-e Online in the second quarter valued at $88,481,000. Wasatch Advisors LP increased its stake in shares of Global-e Online by 231.8% during the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after purchasing an additional 2,392,124 shares in the last quarter. Marshall Wace LLP lifted its stake in Global-e Online by 182.0% in the 2nd quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock valued at $122,626,000 after buying an additional 2,359,435 shares in the last quarter. Dragoneer Investment Group LLC increased its stake in Global-e Online by 20.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company’s stock worth $337,279,000 after buying an additional 1,708,655 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. increased its stake in Global-e Online by 91.0% during the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after buying an additional 1,345,156 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GLBE. The Goldman Sachs Group lifted their price target on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Truist Financial set a $41.00 price target on shares of Global-e Online in a research note on Thursday, December 11th. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Piper Sandler raised their target price on shares of Global-e Online from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Benchmark restated a “buy” rating on shares of Global-e Online in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Global-e Online presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

Global-e Online Price Performance

NASDAQ:GLBE opened at $41.59 on Monday. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 1,386.80 and a beta of 1.24. The company’s 50-day moving average is $38.58 and its two-hundred day moving average is $35.76. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Global-e Online had a net margin of 0.82% and a return on equity of 0.81%. The firm had revenue of $220.78 million for the quarter, compared to analyst estimates of $217.95 million. During the same quarter in the previous year, the company earned ($0.13) EPS. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, equities analysts anticipate 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. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.