TD Asset Management Inc Grows Stake in Global-E Online Ltd. (NASDAQ:GLBE)

TD Asset Management Inc lifted its stake in shares of Global-E Online Ltd. (NASDAQ:GLBEFree Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,926 shares of the company’s stock after purchasing an additional 486 shares during the period. TD Asset Management Inc’s holdings in Global-E Online were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Hsbc Holdings PLC increased its stake in shares of Global-E Online by 96.5% during the fourth quarter. Hsbc Holdings PLC now owns 16,958 shares of the company’s stock worth $669,000 after purchasing an additional 8,328 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. increased its stake in shares of Global-E Online by 294.9% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 187,466 shares of the company’s stock worth $7,429,000 after purchasing an additional 139,992 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Global-E Online during the fourth quarter worth about $233,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Global-E Online by 38.9% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 7,640 shares of the company’s stock worth $303,000 after purchasing an additional 2,140 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Global-E Online during the fourth quarter worth about $290,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-E Online Price Performance

NASDAQ:GLBE opened at $30.00 on Monday. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of -40.54 and a beta of 1.07. The company’s 50-day moving average is $32.19 and its two-hundred day moving average is $35.39. Global-E Online Ltd. has a 1-year low of $27.30 and a 1-year high of $45.72.

Global-E Online (NASDAQ:GLBEGet Free Report) last issued its quarterly earnings data on Monday, May 20th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. Global-E Online had a negative net margin of 20.52% and a negative return on equity of 18.05%. The firm had revenue of $145.90 million for the quarter, compared to analyst estimates of $141.55 million. During the same period in the prior year, the business posted ($0.26) EPS. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, equities analysts anticipate that Global-E Online Ltd. will post -0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GLBE shares. Morgan Stanley upgraded shares of Global-E Online from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $33.00 to $37.00 in a research report on Tuesday, May 21st. Wells Fargo & Company restated an “overweight” rating and set a $40.00 price target on shares of Global-E Online in a research report on Monday, April 1st. Bank of America boosted their price target on shares of Global-E Online from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Piper Sandler restated an “overweight” rating and set a $50.00 price target on shares of Global-E Online in a research report on Thursday, February 22nd. Finally, Benchmark restated a “buy” rating and set a $41.00 price target on shares of Global-E Online in a research report on Tuesday, May 21st. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $43.83.

Check Out Our Latest Report on Global-E Online

About Global-E Online

(Free Report)

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.

See Also

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

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