8,280 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 8,280 shares of the company’s stock, valued at approximately $315,000.

Several other large investors also recently bought and sold shares of GLBE. Mount Yale Investment Advisors LLC purchased a new stake in shares of Global-E Online in the 3rd quarter worth about $323,000. Values First Advisors Inc. lifted its holdings in shares of Global-E Online by 49.2% in the third quarter. Values First Advisors Inc. now owns 13,070 shares of the company’s stock valued at $502,000 after purchasing an additional 4,309 shares in the last quarter. Juncture Wealth Strategies LLC acquired a new stake in shares of Global-E Online in the third quarter valued at approximately $487,000. Clearbridge Investments LLC acquired a new stake in shares of Global-E Online in the second quarter valued at approximately $83,036,000. Finally, Mackenzie Financial Corp purchased a new position in shares of Global-E Online during the 2nd quarter worth approximately $250,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Price Performance

Global-E Online stock opened at $37.95 on Monday. The firm’s fifty day moving average price is $36.47 and its 200 day moving average price is $34.14. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of -51.28 and a beta of 1.10. Global-E Online Ltd. has a 12-month low of $27.30 and a 12-month high of $42.88.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. Global-E Online had a negative return on equity of 16.41% and a negative net margin of 17.33%. The business had revenue of $168.00 million for the quarter, compared to analysts’ expectations of $165.95 million. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. The company’s revenue was up 26.0% compared to the same quarter last year. Analysts forecast that Global-E Online Ltd. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Piper Sandler reiterated a “buy” rating on shares of Global-E Online in a report on Friday, October 18th. UBS Group decreased their price objective on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. JMP Securities reiterated a “market outperform” rating and set a $46.00 price objective on shares of Global-E Online in a research report on Wednesday, July 10th. Morgan Stanley lowered shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 target price on the stock. in a report on Friday, October 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $48.00 price target on shares of Global-E Online in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Global-E Online presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.09.

Global-E Online 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.