Fox Run Management L.L.C. Makes New $370,000 Investment in Global-E Online Ltd. (NASDAQ:GLBE)

Fox Run Management L.L.C. purchased a new stake in Global-E Online Ltd. (NASDAQ:GLBE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,790 shares of the company’s stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp increased its stake in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 197 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after acquiring an additional 748 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Global-E Online during the 4th quarter worth $59,000. Whipplewood Advisors LLC acquired a new stake in shares of Global-E Online during the 4th quarter worth $65,000. Finally, SBI Securities Co. Ltd. acquired a new position in Global-E Online in the fourth quarter valued at about $99,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Morgan Stanley raised shares of Global-E Online from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $55.00 to $46.00 in a research note on Wednesday. KeyCorp upped their target price on Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. UBS Group decreased their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Benchmark dropped their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $58.33.

Global-E Online Trading Down 2.7 %

Global-E Online stock opened at $37.24 on Thursday. The company has a market capitalization of $6.12 billion, a PE ratio of -84.64, a P/E/G ratio of 4.61 and a beta of 1.30. The stock has a 50-day moving average price of $49.44 and a two-hundred day moving average price of $46.61. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $63.69.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. During the same quarter last year, the business earned $0.22 EPS. The firm’s quarterly revenue was up 41.8% on a year-over-year basis. As a group, analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

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.