14,298 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,298 shares of the company’s stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RiverPark Advisors LLC acquired a new stake in Global-E Online during the third quarter worth about $26,000. Tower Research Capital LLC TRC purchased a new stake in shares of Global-E Online in the 2nd quarter valued at approximately $32,000. Quarry LP raised its stake in shares of Global-E Online by 169.9% in the 1st quarter. Quarry LP now owns 915 shares of the company’s stock valued at $29,000 after acquiring an additional 576 shares during the period. IFP Advisors Inc acquired a new stake in Global-E Online in the 2nd quarter valued at approximately $42,000. Finally, Money Concepts Capital Corp purchased a new stake in Global-E Online in the fourth quarter valued at approximately $40,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Price Performance

NASDAQ GLBE opened at $33.95 on Wednesday. Global-E Online Ltd. has a 1 year low of $26.01 and a 1 year high of $45.72. The company has a market capitalization of $5.58 billion, a PE ratio of -41.91 and a beta of 1.10. The company has a fifty day moving average of $35.95 and a two-hundred day moving average of $36.46.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Global-E Online had a negative net margin of 23.48% and a negative return on equity of 19.33%. The company had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.74 million. During the same quarter in the prior year, the company earned ($0.18) EPS. The business’s revenue was up 32.5% on a year-over-year basis. On average, research analysts expect that Global-E Online Ltd. will post -0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GLBE. Piper Sandler reissued an “overweight” rating and issued a $50.00 target price on shares of Global-E Online in a research report on Thursday, February 22nd. Wells Fargo & Company reissued an “overweight” rating and issued a $40.00 target price on shares of Global-E Online in a research report on Monday, April 1st. The Goldman Sachs Group boosted their target price on Global-E Online from $36.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a research report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Global-E Online Company Profile

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.