Global-E Online Ltd. (NASDAQ:GLBE) Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. lessened its position in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 347,166 shares of the company’s stock after selling 5,300 shares during the quarter. Global-E Online makes up 3.3% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 9th biggest position. Yelin Lapidot Holdings Management Ltd. owned about 0.21% of Global-E Online worth $18,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock valued at $26,000 after buying an additional 197 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Global-E Online during the third quarter valued at $32,000. Geneos Wealth Management Inc. lifted its holdings in Global-E Online by 1,968.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after purchasing an additional 748 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Global-E Online during the fourth quarter worth about $59,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Global-E Online during the 4th quarter worth about $65,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective on Global-E Online from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Wells Fargo & Company increased their price objective on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Piper Sandler lifted their target price on shares of Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. KeyCorp upped their target price on shares of Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group raised their price target on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Global-E Online currently has an average rating of “Moderate Buy” and a consensus target price of $59.58.

Global-E Online Stock Performance

Shares of Global-E Online stock opened at $42.59 on Friday. The stock has a 50 day moving average of $55.54 and a 200 day moving average of $45.94. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of -96.80, a PEG ratio of 4.61 and a beta of 1.23. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $63.69.

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

About Global-E Online

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.