Asset Management One Co. Ltd. Boosts Stock Position in Global-e Online Ltd. $GLBE

Asset Management One Co. Ltd. increased its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 43.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,285 shares of the company’s stock after purchasing an additional 17,455 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Global-e Online were worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in Global-e Online by 52.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after purchasing an additional 488 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in Global-e Online by 1.1% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 55,500 shares of the company’s stock worth $1,861,000 after purchasing an additional 600 shares in the last quarter. Values First Advisors Inc. increased its position in Global-e Online by 5.1% during the 1st quarter. Values First Advisors Inc. now owns 18,614 shares of the company’s stock worth $664,000 after purchasing an additional 908 shares in the last quarter. Finally, Berbice Capital Management LLC purchased a new stake in Global-e Online during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a report on Wednesday, October 8th. Truist Financial lifted their price target on Global-e Online from $31.00 to $32.00 and gave the company a “sell” rating in a report on Thursday, July 17th. The Goldman Sachs Group lifted their price target on Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Zacks Research upgraded Global-e Online to a “hold” rating in a report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Global-e Online has a consensus rating of “Moderate Buy” and a consensus target price of $48.08.

Global-e Online Price Performance

NASDAQ GLBE opened at $36.04 on Thursday. The firm has a market capitalization of $6.12 billion, a P/E ratio of -212.00, a P/E/G ratio of 1.93 and a beta of 1.25. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The business’s 50-day simple moving average is $35.00 and its 200-day simple moving average is $34.04.

Global-e Online (NASDAQ:GLBE) last released 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 business had revenue of $214.88 million for the quarter, compared to analyst estimates of $207.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The company’s revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online declared that its board has authorized a stock repurchase plan on Thursday, September 4th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.