Teacher Retirement System of Texas Increases Position in Global-e Online Ltd. $GLBE

Teacher Retirement System of Texas raised its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,242 shares of the company’s stock after acquiring an additional 1,850 shares during the period. Teacher Retirement System of Texas’ holdings in Global-e Online were worth $1,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GLBE. Cambridge Investment Research Advisors Inc. boosted its stake in Global-e Online by 28.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,446 shares of the company’s stock valued at $479,000 after acquiring an additional 2,955 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Global-e Online by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 139,297 shares of the company’s stock worth $4,966,000 after buying an additional 1,396 shares during the period. Values First Advisors Inc. boosted its position in shares of Global-e Online by 5.1% during the first quarter. Values First Advisors Inc. now owns 18,614 shares of the company’s stock worth $664,000 after buying an additional 908 shares during the period. New Insight Wealth Advisors acquired a new position in shares of Global-e Online during the first quarter worth approximately $4,278,000. Finally, Berbice Capital Management LLC acquired a new position in shares of Global-e Online during the first quarter worth approximately $36,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Stock Down 2.9%

Global-e Online stock opened at $35.35 on Wednesday. The company’s fifty day simple moving average is $35.30 and its 200-day simple moving average is $34.15. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The stock has a market cap of $6.00 billion, a P/E ratio of -207.94, a P/E/G ratio of 1.94 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping 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 was up 27.9% on a year-over-year basis. During the same quarter 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. On average, equities research analysts expect that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online announced that its Board of Directors has authorized a stock buyback program on Thursday, September 4th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial boosted their target price on Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a report on Thursday, July 17th. The Goldman Sachs Group boosted their target price on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Global-e Online in a report on Wednesday, October 8th. Finally, Zacks Research raised 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 given a Sell rating to the stock. Based on data from MarketBeat, Global-e Online presently has a consensus rating of “Moderate Buy” and an average price target of $48.08.

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.