UBS Group AG Buys 256,105 Shares of Global-e Online Ltd. $GLBE

UBS Group AG lifted its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 61.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 673,918 shares of the company’s stock after acquiring an additional 256,105 shares during the period. UBS Group AG’s holdings in Global-e Online were worth $26,492,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares during the period. PNC Financial Services Group Inc. boosted its stake in Global-e Online by 28.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock valued at $106,000 after purchasing an additional 649 shares during the period. Prostatis Group LLC boosted its stake in Global-e Online by 8.8% during the 3rd quarter. Prostatis Group LLC now owns 8,113 shares of the company’s stock valued at $290,000 after purchasing an additional 659 shares during the period. Finally, State of Tennessee Department of Treasury boosted its stake in Global-e Online by 46.8% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,975 shares of the company’s stock valued at $133,000 after purchasing an additional 1,267 shares during the period. Institutional investors own 94.60% of the company’s stock.

Global-e Online Stock Performance

Shares of GLBE stock opened at $29.80 on Monday. The stock has a 50 day moving average of $32.66 and a two-hundred day moving average of $35.57. Global-e Online Ltd. has a 12 month low of $27.80 and a 12 month high of $43.21. The company has a market capitalization of $5.06 billion, a P/E ratio of 80.54 and a beta of 1.18.

Insiders Place Their Bets

In other Global-e Online news, President Nir Debbi sold 4,166 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the president owned 4,290,693 shares in the company, valued at approximately $139,747,871.01. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Shahar Tamari sold 5,190 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $33.06, for a total value of $171,581.40. Following the completion of the sale, the chief operating officer owned 3,785,035 shares of the company’s stock, valued at $125,133,257.10. This represents a 0.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 153,181 shares of company stock worth $5,114,716. 11.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on GLBE shares. Weiss Ratings downgraded Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Bank of America started coverage on Global-e Online in a research note on Tuesday, March 31st. They set a “buy” rating and a $43.00 target price for the company. Benchmark increased their target price on Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, KeyCorp decreased their target price on Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.77.

About Global-e Online

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.