Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) President Nir Debbi sold 2,303 shares of Global-e Online stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $30.01, for a total value of $69,113.03. Following the transaction, the president owned 4,570,562 shares of the company’s stock, valued at $137,162,565.62. The trade was a 0.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Nir Debbi also recently made the following trade(s):
- On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.57, for a total value of $135,686.62.
- On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total value of $273.28.
- On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The stock was sold at an average price of $34.67, for a total value of $249,311.97.
- On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The stock was sold at an average price of $34.09, for a total value of $7,192.99.
- On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total value of $137,727.96.
- On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $31.26, for a total value of $130,229.16.
- On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total value of $287,537.32.
Global-e Online Trading Up 4.8%
NASDAQ:GLBE opened at $29.99 on Thursday. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94. The business’s 50-day moving average is $31.51 and its 200 day moving average is $35.19. The company has a market capitalization of $5.09 billion, a P/E ratio of 46.14 and a beta of 1.18.
Institutional Investors Weigh In On Global-e Online
Several hedge funds have recently made changes to their positions in GLBE. IFP Advisors Inc raised its holdings in Global-e Online by 73.3% during the third 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. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online during the 4th quarter valued at $39,000. Geneos Wealth Management Inc. lifted its holdings in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Global-e Online by 780.7% during the 2nd 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 period. Finally, Jones Financial Companies Lllp increased its stake 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 buying an additional 1,376 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.
Analysts Set New Price Targets
GLBE has been the subject of several analyst reports. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. BMO Capital Markets assumed coverage on Global-e Online in a research report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price target on the stock. Truist Financial cut their price target on Global-e Online from $42.00 to $37.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Wall Street Zen cut shares of Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Benchmark lifted their price objective on Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.17.
Check Out Our Latest Analysis on Global-e Online
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.
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