Robeco Institutional Asset Management B.V. Raises Stock Position in Global-e Online Ltd. $GLBE

Robeco Institutional Asset Management B.V. lifted its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 79.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,839 shares of the company’s stock after purchasing an additional 38,348 shares during the period. Robeco Institutional Asset Management B.V. owned 0.05% of Global-e Online worth $3,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GLBE. North Peak Capital Management LLC purchased a new stake in Global-e Online in the second quarter worth about $88,481,000. Wasatch Advisors LP raised its position in shares of Global-e Online by 231.8% in the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after acquiring an additional 2,392,124 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Global-e Online by 182.0% in the 2nd quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock valued at $122,626,000 after purchasing an additional 2,359,435 shares during the period. Dragoneer Investment Group LLC boosted its position in shares of Global-e Online by 20.5% during the second quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company’s stock valued at $337,279,000 after purchasing an additional 1,708,655 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. boosted its position in shares of Global-e Online by 91.0% during the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock valued at $94,680,000 after purchasing an additional 1,345,156 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Zacks Research raised Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. Piper Sandler increased their price target on shares of Global-e Online from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th. Benchmark restated a “buy” rating on shares of Global-e Online in a report on Wednesday, December 17th. Finally, Truist Financial set a $41.00 target price on shares of Global-e Online in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Global-e Online currently has a consensus rating of “Moderate Buy” and an average price target of $49.91.

Global-e Online Price Performance

Shares of Global-e Online stock opened at $41.59 on Friday. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $63.69. The firm’s 50-day moving average is $38.58 and its 200 day moving average is $35.74. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 1,386.80 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $220.78 million during the quarter, compared to analysts’ expectations of $217.95 million. Global-e Online had a net margin of 0.82% and a return on equity of 0.81%. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.13) earnings per share. On average, equities analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.