Global-E Online Ltd. (NASDAQ:GLBE) Shares Purchased by Amundi

Amundi increased its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 126.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 788,542 shares of the company’s stock after buying an additional 440,953 shares during the period. Amundi’s holdings in Global-E Online were worth $41,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLBE. Venturi Wealth Management LLC acquired a new stake in shares of Global-E Online in the third quarter valued at approximately $87,000. Oppenheimer Asset Management Inc. increased its stake in shares of Global-E Online by 38.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 20,345 shares of the company’s stock valued at $782,000 after purchasing an additional 5,621 shares during the period. CIBC Asset Management Inc increased its stake in shares of Global-E Online by 4.4% in the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock valued at $362,000 after purchasing an additional 393 shares during the period. RiverPark Advisors LLC increased its stake in shares of Global-E Online by 146.3% in the third quarter. RiverPark Advisors LLC now owns 6,036 shares of the company’s stock valued at $232,000 after purchasing an additional 3,585 shares during the period. Finally, Swiss National Bank increased its stake in shares of Global-E Online by 0.9% in the third quarter. Swiss National Bank now owns 298,920 shares of the company’s stock valued at $11,490,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Stock Performance

Global-E Online stock opened at $38.67 on Thursday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of -87.89, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a 1 year low of $28.11 and a 1 year high of $63.69. The firm’s 50 day moving average price is $52.75 and its two-hundred day moving average price is $46.37.

Global-E Online (NASDAQ:GLBE) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The firm had revenue of $262.91 million for the quarter, compared to analysts’ expectations of $250.96 million. During the same period in the previous year, the company posted $0.22 EPS. The company’s quarterly revenue was up 41.8% compared to the same quarter last year. As a group, equities analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GLBE. JMP Securities raised their price target on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research note on Thursday, November 21st. Morgan Stanley increased their price objective on shares of Global-E Online from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Benchmark decreased their price objective on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group increased their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group increased their price objective on shares of Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Global-E Online currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.08.

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.