Bienville Capital Management LLC Purchases New Shares in Global-e Online Ltd. $GLBE

Bienville Capital Management LLC purchased a new position in shares of Global-e Online Ltd. (NASDAQ:GLBE) in the second quarter, HoldingsChannel.com reports. The firm purchased 324,689 shares of the company’s stock, valued at approximately $10,890,000. Global-e Online accounts for 2.1% of Bienville Capital Management LLC’s holdings, making the stock its 17th biggest holding.

A number of other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in shares of Global-e Online by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,543 shares of the company’s stock worth $162,000 after buying an additional 1,113 shares during the period. Swiss National Bank raised its stake in Global-e Online by 1.2% during the 1st quarter. Swiss National Bank now owns 279,920 shares of the company’s stock valued at $9,979,000 after acquiring an additional 3,400 shares during the last quarter. Entropy Technologies LP purchased a new stake in Global-e Online during the 1st quarter valued at approximately $235,000. Nuveen LLC acquired a new stake in Global-e Online during the 1st quarter worth approximately $9,432,000. Finally, Public Sector Pension Investment Board grew its stake in shares of Global-e Online by 7.1% in the 1st quarter. Public Sector Pension Investment Board now owns 60,250 shares of the company’s stock valued at $2,148,000 after purchasing an additional 4,000 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GLBE shares. Benchmark restated a “buy” rating on shares of Global-e Online in a research note on Monday, November 17th. Needham & Company LLC upped their price objective on shares of Global-e Online from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Global-e Online in a research note on Monday. The Goldman Sachs Group lifted their target price on shares of Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Piper Sandler increased their price target on shares of Global-e Online from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.91.

Global-e Online Stock Up 0.1%

Shares of GLBE opened at $40.15 on Friday. Global-e Online Ltd. has a 52-week low of $26.64 and a 52-week high of $63.69. The company has a 50-day simple moving average of $36.63 and a 200-day simple moving average of $34.74. The company has a market capitalization of $6.81 billion, a PE ratio of 1,338.78 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Global-e Online had a net margin of 0.82% and a return on equity of 0.81%. The company had revenue of $220.78 million for the quarter, compared to analyst estimates of $217.95 million. During the same period in the prior year, the business posted ($0.13) earnings per share. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. On average, research analysts anticipate that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online declared that its board has authorized a stock repurchase plan on Thursday, September 4th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.