Fieldview Capital Management LLC Grows Stake in Global-e Online Ltd. $GLBE

Fieldview Capital Management LLC grew its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 31.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,648 shares of the company’s stock after acquiring an additional 25,434 shares during the period. Fieldview Capital Management LLC owned about 0.06% of Global-e Online worth $3,778,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GLBE. Virtus Advisers LLC purchased a new position in Global-e Online in the second quarter valued at approximately $47,000. Geneos Wealth Management Inc. grew its holdings in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC increased its position in Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares during the last quarter. Jones Financial Companies Lllp increased its position in Global-e Online by 237.7% in the third quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after buying an additional 1,376 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Global-e Online by 28.2% in the third quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock valued at $106,000 after buying an additional 649 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. KeyCorp decreased their price objective on Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Finally, Wall Street Zen upgraded shares of Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $47.80.

Global-e Online Price Performance

Global-e Online stock opened at $35.39 on Monday. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $43.21. The business has a fifty day moving average price of $36.32 and a 200-day moving average price of $36.43. The firm has a market capitalization of $6.01 billion, a P/E ratio of 95.65 and a beta of 1.24.

Global-e Online 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.