Global-e Online Ltd. (NASDAQ:GLBE – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $44.50.
GLBE has been the topic of a number of research reports. BMO Capital Markets started coverage on shares of Global-e Online in a report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Finally, UBS Group decreased their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st.
Get Our Latest Analysis on Global-e Online
Global-e Online Price Performance
Insiders Place Their Bets
In other Global-e Online news, CEO Amir Schlachet sold 58,331 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $36.21, for a total value of $2,112,165.51. Following the sale, the chief executive officer owned 4,141,727 shares in the company, valued at approximately $149,971,934.67. The trade was a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Nir Debbi sold 9,233 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $33.70, for a total value of $311,152.10. Following the completion of the sale, the president directly owned 4,559,466 shares of the company’s stock, valued at approximately $153,654,004.20. The trade was a 0.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 319,914 shares of company stock valued at $10,989,302. 11.60% of the stock is currently owned by company insiders.
Institutional Trading of Global-e Online
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of Global-e Online by 105.3% during the 4th quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock worth $22,727,000 after buying an additional 296,466 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of Global-e Online by 64.4% during the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after buying an additional 250,625 shares during the period. Vitruvian Partners LLP increased its stake in shares of Global-e Online by 21.9% in the 4th quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock valued at $8,263,000 after acquiring an additional 37,767 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Global-e Online by 51.7% in the 4th quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock valued at $4,484,000 after acquiring an additional 38,869 shares in the last quarter. Finally, Next Century Growth Investors LLC lifted its position in shares of Global-e Online by 38.6% during the 4th quarter. Next Century Growth Investors LLC now owns 274,708 shares of the company’s stock valued at $10,799,000 after acquiring an additional 76,452 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.
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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