Global-e Online Ltd. $GLBE Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 32.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,904 shares of the company’s stock after acquiring an additional 5,882 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Global-e Online were worth $802,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in Global-e Online during the first quarter valued at $45,000. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 528 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Global-e Online by 52.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock valued at $50,000 after buying an additional 488 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Global-e Online in the 1st quarter valued at about $68,000. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Global-e Online in the 1st quarter worth about $122,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-e Online Stock Performance

NASDAQ:GLBE opened at $35.90 on Monday. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The stock has a market cap of $6.09 billion, a PE ratio of 1,197.07 and a beta of 1.25. The stock has a 50 day moving average price of $35.57 and a 200 day moving average price of $34.19.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.The company had revenue of $220.78 million during the quarter, compared to analysts’ expectations of $217.95 million. During the same period in the prior year, the business earned ($0.13) EPS. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. 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 announced that its board has initiated a stock buyback program on Thursday, September 4th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have commented on GLBE. Piper Sandler increased their target price on Global-e Online from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Monday, November 17th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.45.

About Global-e Online

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.