Global-e Online (NASDAQ:GLBE) President Sells $311,152.10 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 9,233 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $33.70, for a total transaction of $311,152.10. Following the completion of the transaction, the president directly owned 4,559,466 shares of the company’s stock, valued at $153,654,004.20. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The stock was sold at an average price of $33.33, for a total transaction of $14,965.17.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The stock was sold at an average price of $30.25, for a total transaction of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The stock was sold at an average price of $30.01, for a total transaction of $69,113.03.
• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.57, for a total transaction of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total transaction of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The stock was sold at an average price of $34.67, for a total transaction of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The stock was sold at an average price of $34.09, for a total transaction of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total transaction of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total transaction of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total transaction of $287,537.32.

Global-e Online Stock Down 2.3%

GLBE stock opened at $32.13 on Friday. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 49.43 and a beta of 1.16. The company has a 50 day moving average of $30.94 and a two-hundred day moving average of $34.78.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The company had revenue of $252.09 million during the quarter, compared to the consensus estimate of $250.78 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company’s revenue was up 32.8% compared to the same quarter last year. On average, research analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc raised its holdings in shares of Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online in the 4th quarter valued at $39,000. Geneos Wealth Management Inc. grew its stake in Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Global-e Online by 237.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after buying an additional 1,376 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GLBE. Zacks Research downgraded shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets started coverage on shares of Global-e Online in a report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price target on the stock. Morgan Stanley cut their price target on shares of Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Benchmark restated a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Finally, Raymond James Financial restated an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Global-e Online has an average rating of “Moderate Buy” and an average price target of $43.92.

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.