Global-e Online Ltd. $GLBE Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 57.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,098 shares of the company’s stock after acquiring an additional 28,196 shares during the period. Russell Investments Group Ltd.’s holdings in Global-e Online were worth $2,749,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board grew its holdings in Global-e Online by 7.1% during the 1st quarter. Public Sector Pension Investment Board now owns 60,250 shares of the company’s stock worth $2,148,000 after acquiring an additional 4,000 shares in the last quarter. Nuveen LLC bought a new position in shares of Global-e Online in the 1st quarter worth about $9,432,000. Virtu Financial LLC bought a new position in shares of Global-e Online in the 1st quarter worth about $600,000. Entropy Technologies LP bought a new position in shares of Global-e Online in the 1st quarter worth about $235,000. Finally, Swiss National Bank lifted its position in shares of Global-e Online by 1.2% in the 1st quarter. Swiss National Bank now owns 279,920 shares of the company’s stock worth $9,979,000 after buying an additional 3,400 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 14th. Raymond James Financial reduced their price target on shares of Global-e Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, May 15th. Zacks Research upgraded shares of Global-e Online to a “hold” rating in a research report on Friday, August 8th. Benchmark reduced their price target on shares of Global-e Online from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $64.00 price target on shares of Global-e Online in a research report on Thursday, May 15th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $48.33.

Global-e Online Stock Up 5.1%

Shares of NASDAQ:GLBE opened at $33.28 on Monday. The company has a market cap of $5.65 billion, a PE ratio of -195.76, a P/E/G ratio of 1.86 and a beta of 1.24. The company’s 50-day moving average price is $32.89 and its 200 day moving average price is $36.33. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $214.88 million for the quarter, compared to the consensus estimate of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. Global-e Online’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current year.

About Global-e Online

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.