Charles Schwab Investment Management Inc. Sells 2,708 Shares of Global-e Online Ltd. $GLBE

Charles Schwab Investment Management Inc. lowered its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,324 shares of the company’s stock after selling 2,708 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Global-e Online were worth $2,507,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. ASR Vermogensbeheer N.V. purchased a new stake in shares of Global-e Online during the 1st quarter worth approximately $122,000. J. Safra Sarasin Holding AG purchased a new stake in shares of Global-e Online during the 1st quarter worth approximately $1,434,000. PNC Financial Services Group Inc. increased its stake in shares of Global-e Online by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,543 shares of the company’s stock worth $162,000 after purchasing an additional 1,113 shares during the last quarter. Vitruvian Partners LLP purchased a new stake in shares of Global-e Online during the 1st quarter worth approximately $4,992,000. Finally, Natixis Advisors LLC purchased a new stake in shares of Global-e Online during the 1st quarter worth approximately $451,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a research note on Thursday, July 17th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Global-e Online in a research note on Thursday, May 15th. Raymond James Financial lowered their target price on shares of Global-e Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. Piper Sandler reissued an “overweight” rating and set a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 14th. Finally, Zacks Research raised shares of Global-e Online to a “hold” rating in a report on Friday, August 8th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.33.

Global-e Online Price Performance

Shares of GLBE stock opened at $33.46 on Friday. The company’s fifty day simple moving average is $33.06 and its two-hundred day simple moving average is $35.52. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of -196.82, a PEG ratio of 1.78 and a beta of 1.24. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $63.69.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $214.88 million during the quarter, compared to analyst estimates of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online 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.