Stephens Investment Management Group LLC Has $10.89 Million Position in Global-e Online Ltd. $GLBE

Stephens Investment Management Group LLC grew its holdings in Global-e Online Ltd. (NASDAQ:GLBEFree Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 276,971 shares of the company’s stock after acquiring an additional 22,102 shares during the quarter. Stephens Investment Management Group LLC owned 0.16% of Global-e Online worth $10,888,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GLBE. IFP Advisors Inc grew its holdings in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares during the last quarter. Jones Financial Companies Lllp grew its position in Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after acquiring an additional 1,376 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Global-e Online by 28.2% during the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock worth $106,000 after purchasing an additional 649 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Insider Buying and Selling at Global-e Online

In related news, COO Shahar Tamari sold 25,949 shares of Global-e Online stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.79, for a total value of $902,765.71. Following the transaction, the chief operating officer owned 3,790,225 shares in the company, valued at $131,861,927.75. This trade represents a 0.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amir Schlachet sold 16,666 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $34.45, for a total value of $574,143.70. Following the transaction, the chief executive officer owned 3,562,787 shares in the company, valued at approximately $122,738,012.15. The trade was a 0.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 167,708 shares of company stock worth $5,586,117 over the last ninety days. Insiders own 11.60% of the company’s stock.

Global-e Online Price Performance

GLBE opened at $27.89 on Monday. The firm has a 50-day moving average price of $31.91 and a 200-day moving average price of $35.34. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $41.94. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 42.91 and a beta of 1.18.

Global-e Online (NASDAQ:GLBEGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS. On average, sell-side analysts expect that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GLBE has been the subject of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a report on Wednesday. Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Benchmark upped their price target on Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. UBS Group dropped their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Finally, Piper Sandler restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and a consensus target price of $44.17.

Check Out Our Latest Analysis on GLBE

Global-e Online Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Global-e Online (NASDAQ:GLBE)

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