Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 8,332 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 8,332 shares of Global-e Online stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $37.23, for a total transaction of $310,200.36. Following the transaction, the president directly owned 4,407,371 shares of the company’s stock, valued at approximately $164,086,422.33. This trade represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Nir Debbi also recently made the following trade(s):

• On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The stock was sold at an average price of $40.11, for a total transaction of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The stock was sold at an average price of $39.02, for a total transaction of $5,853.00.
• On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $35.82, for a total transaction of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The shares were sold at an average price of $34.66, for a total transaction of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The shares were sold at an average price of $34.02, for a total transaction of $234,397.80.
• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total value of $135,270.02.

Global-e Online Stock Down 1.3%

Global-e Online stock opened at $38.29 on Friday. The company has a market capitalization of $6.50 billion, a P/E ratio of 44.52 and a beta of 1.00. The stock’s 50 day moving average is $38.77 and its 200 day moving average is $34.51. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $299.00 million during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. As a group, equities analysts expect that Global-e Online Ltd. will post 1.32 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on GLBE. UBS Group set a $54.00 price target on Global-e Online and gave the stock a “buy” rating in a research report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and set a $48.00 price objective on shares of Global-e Online in a research report on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and set a $47.00 price objective on shares of Global-e Online in a research note on Tuesday. Loop Capital set a $49.00 price objective on shares of Global-e Online in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Global-e Online from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.69.

Hedge Funds Weigh In On Global-e Online

Hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP boosted its holdings in shares of Global-e Online by 28.1% during the 2nd quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock valued at $287,397,000 after acquiring an additional 1,816,606 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Global-e Online by 68.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares during the last quarter. Contour Asset Management LLC raised its holdings in shares of Global-e Online by 4.6% during the fourth quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock valued at $190,342,000 after purchasing an additional 211,034 shares during the last quarter. California State Teachers Retirement System lifted its position in Global-e Online by 3,399.9% during the second quarter. California State Teachers Retirement System now owns 4,066,709 shares of the company’s stock valued at $141,237,000 after purchasing an additional 3,950,515 shares during the period. Finally, Arohi Asset Management PTE Ltd. lifted its position in Global-e Online by 0.6% during the fourth quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock valued at $148,604,000 after purchasing an additional 23,213 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-e Online Company 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.