Global-e Online Ltd. $GLBE Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its holdings in Global-e Online Ltd. (NASDAQ:GLBE) by 38.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,952 shares of the company’s stock after selling 21,372 shares during the period. Asset Management One Co. Ltd.’s holdings in Global-e Online were worth $1,361,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Annex Advisory Services LLC raised its holdings in Global-e Online by 64.4% in the 4th quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock valued at $25,159,000 after acquiring an additional 250,625 shares during the last quarter. Barton Investment Management increased its holdings in shares of Global-e Online by 0.6% during the 4th quarter. Barton Investment Management now owns 1,079,254 shares of the company’s stock worth $42,425,000 after buying an additional 6,912 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Global-e Online during the 4th quarter worth approximately $202,000. SG Americas Securities LLC increased its holdings in shares of Global-e Online by 98.2% during the 4th quarter. SG Americas Securities LLC now owns 1,283,308 shares of the company’s stock worth $50,447,000 after buying an additional 635,945 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Stock Performance

Global-e Online stock opened at $30.84 on Friday. Global-e Online Ltd. has a fifty-two week low of $27.80 and a fifty-two week high of $43.21. The firm has a 50 day moving average price of $32.97 and a 200 day moving average price of $35.69. The company has a market capitalization of $5.23 billion, a PE ratio of 83.35 and a beta of 1.28.

Insider Activity at Global-e Online

In related news, COO Shahar Tamari sold 5,190 shares of Global-e Online stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $33.06, for a total value of $171,581.40. Following the completion of the sale, the chief operating officer owned 3,785,035 shares in the company, valued at approximately $125,133,257.10. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Nir Debbi sold 7,191 shares of Global-e Online stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $34.67, for a total transaction of $249,311.97. Following the completion of the sale, the president owned 4,294,867 shares of the company’s stock, valued at $148,903,038.89. This trade represents a 0.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 138,543 shares of company stock worth $4,647,696. Insiders own 11.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on GLBE shares. UBS Group cut their price target on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. KeyCorp cut their price target on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Truist Financial cut their price target on shares of Global-e Online from $43.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, February 26th. Morgan Stanley restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Finally, Bank of America started coverage on shares of Global-e Online in a report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Global-e Online presently has a consensus rating of “Buy” and a consensus price target of $47.15.

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.