Fox Run Management L.L.C. Takes Position in Global-e Online Ltd. $GLBE

Fox Run Management L.L.C. acquired a new stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,022 shares of the company’s stock, valued at approximately $1,062,000.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in 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 purchasing an additional 448 shares during the period. Geneos Wealth Management Inc. boosted its position 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 worth $47,000 after purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC boosted its position in 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 purchasing an additional 1,616 shares during the period. Jones Financial Companies Lllp boosted its position in Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after purchasing an additional 1,376 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position 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 worth $106,000 after purchasing an additional 649 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GLBE shares. Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. Morgan Stanley decreased their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Wall Street Zen cut shares of Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets started coverage on shares of Global-e Online in a research report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.92.

Global-e Online Price Performance

NASDAQ:GLBE opened at $32.38 on Wednesday. The firm has a 50-day moving average of $31.03 and a two-hundred day moving average of $34.72. The stock has a market cap of $5.50 billion, a P/E ratio of 49.82 and a beta of 1.16. Global-e Online Ltd. has a 1-year low of $26.84 and a 1-year high of $41.94.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) EPS. As a group, equities analysts expect that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Insider Activity

In other news, President Nir Debbi sold 9,233 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $33.70, for a total value of $311,152.10. Following the sale, the president owned 4,559,466 shares in the company, valued at approximately $153,654,004.20. This represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Amir Schlachet sold 16,666 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.34, for a total transaction of $555,644.44. Following the completion of the sale, the chief executive officer owned 4,216,724 shares in the company, valued at approximately $140,585,578.16. This trade represents a 0.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 248,220 shares of company stock worth $8,183,640. 11.60% of the stock is currently owned by corporate insiders.

Global-e Online 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.