Global-e Online Ltd. $GLBE Shares Newly Bought by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in Global-e Online Ltd. (NASDAQ:GLBE) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 17,855 shares of the company’s stock, valued at approximately $709,000.

Several other institutional investors also recently modified their holdings of GLBE. Wasatch Advisors LP grew its holdings in Global-e Online by 28.1% in the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after purchasing an additional 1,816,606 shares during the period. Wellington Management Group LLP increased its stake in shares of Global-e Online by 3,232.4% during the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock valued at $72,968,000 after purchasing an additional 2,037,962 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Global-e Online by 4.0% during the first quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock valued at $72,833,000 after purchasing an additional 91,384 shares in the last quarter. Spyglass Capital Management LLC increased its stake in shares of Global-e Online by 1.1% during the second quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after purchasing an additional 20,610 shares in the last quarter. Finally, Keenan Capital LLC lifted its holdings in shares of Global-e Online by 4.8% during the second quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock valued at $67,906,000 after purchasing an additional 90,000 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on GLBE shares. Morgan Stanley boosted their price target on Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Benchmark restated a “buy” rating on shares of Global-e Online in a research note on Thursday, August 13th. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 price objective on shares of Global-e Online in a research report on Tuesday, August 11th. Truist Financial lifted their price objective on Global-e Online from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, Wall Street Zen raised Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.08.

Global-e Online Price Performance

Global-e Online stock opened at $42.49 on Tuesday. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $45.28. The business’s fifty day moving average is $39.86 and its 200 day moving average is $35.87. The stock has a market capitalization of $7.21 billion, a PE ratio of 49.41 and a beta of 1.10.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. The business had revenue of $299.00 million during the quarter. As a group, sell-side analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Insider Activity

In related news, COO Shahar Tamari sold 27,957 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $44.48, for a total transaction of $1,243,527.36. Following the transaction, the chief operating officer owned 3,728,736 shares in the company, valued at $165,854,177.28. This represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Amir Schlachet sold 24,999 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $41.39, for a total transaction of $1,034,708.61. Following the completion of the sale, the chief executive officer owned 3,616,736 shares in the company, valued at $149,696,703.04. This represents a 0.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 742,567 shares of company stock valued at $30,623,661 in the last 90 days. 11.60% of the stock is currently owned by insiders.

Global-e Online Company Profile

Global-e Online Ltd. provides a cross-border e-commerce platform that helps retailers and consumer brands sell to shoppers in international markets. Its services support the online shopping journey, from localized storefronts and checkout through payment and delivery.

The platform helps merchants tailor the shopping experience to customers in different countries, including by supporting local currencies and payment options and managing international shipping, duties and taxes, and returns.