Walleye Capital LLC Makes New $861,000 Investment in Global-e Online Ltd. (NASDAQ:GLBE)

Walleye Capital LLC acquired a new stake in shares of Global-e Online Ltd. (NASDAQ:GLBEGet Rating) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 25,478 shares of the company’s stock, valued at approximately $861,000.

Several other hedge funds have also recently modified their holdings of GLBE. Bank of America Corp DE increased its holdings in Global-e Online by 105.0% in the 4th quarter. Bank of America Corp DE now owns 32,496 shares of the company’s stock valued at $2,060,000 after acquiring an additional 16,641 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Global-e Online by 42.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 15,173 shares of the company’s stock worth $962,000 after purchasing an additional 4,517 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Global-e Online in the fourth quarter worth about $95,000. Eventide Asset Management LLC boosted its stake in Global-e Online by 347.5% during the fourth quarter. Eventide Asset Management LLC now owns 2,139,886 shares of the company’s stock valued at $135,647,000 after buying an additional 1,661,688 shares during the last quarter. Finally, Blair William & Co. IL purchased a new position in Global-e Online during the 4th quarter valued at approximately $233,000. Hedge funds and other institutional investors own 68.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GLBE. Raymond James increased their target price on Global-e Online from $25.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. The Goldman Sachs Group lifted their price objective on shares of Global-e Online from $31.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. KeyCorp upped their target price on shares of Global-e Online from $30.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, August 17th. Piper Sandler lifted their price target on Global-e Online from $28.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Finally, Morgan Stanley upped their price objective on Global-e Online from $34.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, August 17th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Global-e Online currently has an average rating of “Buy” and a consensus price target of $40.89.

Global-e Online Trading Down 0.8 %

Shares of NASDAQ:GLBE opened at $33.02 on Tuesday. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of -33.02 and a beta of 1.24. Global-e Online Ltd. has a 12 month low of $15.63 and a 12 month high of $77.38. The firm’s 50-day moving average is $29.07 and its 200 day moving average is $26.54.

Global-e Online (NASDAQ:GLBEGet Rating) last issued its quarterly earnings results on Tuesday, August 16th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.01. Global-e Online had a negative return on equity of 6.60% and a negative net margin of 50.20%. The firm had revenue of $87.31 million for the quarter, compared to the consensus estimate of $83.50 million. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s revenue for the quarter was up 52.4% on a year-over-year basis. As a group, equities analysts forecast that Global-e Online Ltd. will post -1.24 EPS for the current fiscal year.

Global-e Online Profile

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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.

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

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