Global-e Online Ltd. $GLBE Shares Bought by New Insight Wealth Advisors

New Insight Wealth Advisors grew its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,517 shares of the company’s stock after acquiring an additional 19,517 shares during the period. Global-e Online comprises about 1.9% of New Insight Wealth Advisors’ holdings, making the stock its 15th biggest position. New Insight Wealth Advisors owned about 0.08% of Global-e Online worth $4,989,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Dragoneer Investment Group LLC increased its stake in Global-e Online by 20.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company’s stock valued at $337,279,000 after purchasing an additional 1,708,655 shares in the last quarter. Marshall Wace LLP grew its holdings in Global-e Online by 182.0% in the second quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock valued at $122,626,000 after purchasing an additional 2,359,435 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Global-e Online by 27.0% in the second quarter. JPMorgan Chase & Co. now owns 3,617,284 shares of the company’s stock valued at $121,324,000 after buying an additional 770,028 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after buying an additional 2,392,124 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. raised its stake in shares of Global-e Online by 91.0% during the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after buying an additional 1,345,156 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

GLBE has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th. Needham & Company LLC upped their price target on shares of Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Truist Financial set a $41.00 price target on shares of Global-e Online in a research report on Thursday, December 11th. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Finally, Piper Sandler upped their target price on Global-e Online from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

Global-e Online Trading Down 2.1%

GLBE opened at $37.50 on Friday. The stock has a market cap of $6.36 billion, a PE ratio of 1,250.42 and a beta of 1.24. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The business’s 50 day moving average is $38.91 and its 200-day moving average is $35.97.

Global-e Online (NASDAQ:GLBE) last issued its quarterly 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. The company had revenue of $220.78 million for the quarter, compared to the consensus estimate of $217.95 million. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.The firm’s revenue was up 25.5% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share. As a group, analysts forecast that Global-e Online Ltd. will post 0.25 EPS for the current year.

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.