Global-e Online Ltd. $GLBE Stock Holdings Lifted by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. raised its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,500 shares of the company’s stock after buying an additional 600 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Global-e Online were worth $1,861,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GLBE. Mackenzie Financial Corp increased its holdings in shares of Global-e Online by 7.1% in the fourth quarter. Mackenzie Financial Corp now owns 6,740 shares of the company’s stock valued at $368,000 after buying an additional 448 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Global-e Online by 8.1% in the first quarter. Rhumbline Advisers now owns 33,952 shares of the company’s stock valued at $1,210,000 after buying an additional 2,534 shares in the last quarter. Barton Investment Management increased its holdings in shares of Global-e Online by 3.4% in the first quarter. Barton Investment Management now owns 1,036,767 shares of the company’s stock valued at $36,961,000 after buying an additional 34,080 shares in the last quarter. Yousif Capital Management LLC grew its position in Global-e Online by 10.7% during the 1st quarter. Yousif Capital Management LLC now owns 6,054 shares of the company’s stock worth $216,000 after purchasing an additional 584 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Global-e Online by 11.4% during the 1st quarter. SG Americas Securities LLC now owns 708,649 shares of the company’s stock worth $25,263,000 after purchasing an additional 72,256 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GLBE. Truist Financial lifted their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a research report on Thursday, July 17th. Zacks Research upgraded shares of Global-e Online to a “hold” rating in a research report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.33.

Global-e Online Stock Up 1.7%

Global-e Online stock opened at $37.35 on Tuesday. The company’s fifty day simple moving average is $34.33 and its 200-day simple moving average is $34.11. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The stock has a market cap of $6.34 billion, a P/E ratio of -219.71, a P/E/G ratio of 1.96 and a beta of 1.24.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The business had revenue of $214.88 million for the quarter, compared to analysts’ expectations of $207.95 million. During the same period in the previous year, the company posted ($0.13) EPS. Global-e Online’s revenue was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online declared that its board has approved a stock repurchase plan on Thursday, September 4th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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.