Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 7,191 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 7,191 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $34.67, for a total value of $249,311.97. Following the sale, the president directly owned 4,294,867 shares of the company’s stock, valued at approximately $148,903,038.89. This trade represents a 0.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nir Debbi also recently made the following trade(s):

• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total value of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total value of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total value of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Price Performance

NASDAQ GLBE opened at $33.05 on Tuesday. The stock has a market capitalization of $5.61 billion, a P/E ratio of 89.32 and a beta of 1.28. The firm’s 50-day moving average is $33.02 and its two-hundred day moving average is $35.76. Global-e Online Ltd. has a 12 month low of $27.80 and a 12 month high of $43.21.

Hedge Funds Weigh In On Global-e Online

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barton Investment Management raised its holdings in Global-e Online by 0.8% during the first quarter. Barton Investment Management now owns 1,088,214 shares of the company’s stock worth $33,571,000 after purchasing an additional 8,960 shares in the last quarter. SG Americas Securities LLC lifted its position in Global-e Online by 6.4% in the first quarter. SG Americas Securities LLC now owns 1,365,092 shares of the company’s stock valued at $42,113,000 after acquiring an additional 81,784 shares during the last quarter. Arohi Asset Management PTE Ltd. boosted its stake in Global-e Online by 0.6% in the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock valued at $148,604,000 after acquiring an additional 23,213 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Global-e Online by 10.5% during the fourth quarter. Vident Advisory LLC now owns 14,866 shares of the company’s stock worth $584,000 after purchasing an additional 1,413 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Global-e Online during the fourth quarter worth about $689,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Truist Financial cut their price target on Global-e Online from $43.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, February 26th. Weiss Ratings raised Global-e Online from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 27th. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Global-e Online currently has a consensus rating of “Moderate Buy” and an average price target of $47.58.

About Global-e Online

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.