Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 4,166 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $32.57, for a total value of $135,686.62. Following the transaction, the president directly owned 4,290,693 shares in the company, valued at approximately $139,747,871.01. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Nir Debbi also recently made the following trade(s):

• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total value of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The stock was sold at an average price of $34.67, for a total value of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total value of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $33.06, for a total value of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total value of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total value of $287,537.32.

Global-e Online Stock Performance

Shares of GLBE stock opened at $31.61 on Wednesday. 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 market capitalization of $5.37 billion, a price-to-earnings ratio of 85.43 and a beta of 1.18. The stock’s 50-day simple moving average is $32.76 and its 200-day simple moving average is $35.58.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America initiated coverage on shares of Global-e Online in a research note on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target on the stock. UBS Group lowered their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. KeyCorp dropped their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Finally, Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research note on Sunday, March 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $46.77.

Institutional Investors Weigh In On Global-e Online

A number of hedge funds and other institutional investors have recently made changes to their positions in GLBE. IFP Advisors Inc grew its position in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Global-e Online in the fourth quarter worth about $39,000. Geneos Wealth Management Inc. boosted its stake in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Global-e Online by 237.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after purchasing an additional 1,376 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Company 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.