Landscape Capital Management L.L.C. Makes New Investment in Global-E Online Ltd. (NASDAQ:GLBE)

Landscape Capital Management L.L.C. purchased a new stake in Global-E Online Ltd. (NASDAQ:GLBE) in the fourth quarter, Holdings Channel.com reports. The fund purchased 46,496 shares of the company’s stock, valued at approximately $2,535,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GLBE. Fifth Third Bancorp grew its position in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after buying an additional 197 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Global-E Online by 1,968.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after acquiring an additional 748 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Global-E Online during the 4th quarter worth approximately $59,000. Whipplewood Advisors LLC acquired a new stake in shares of Global-E Online in the 4th quarter worth approximately $65,000. Finally, Quarry LP increased its stake in Global-E Online by 226.1% in the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after purchasing an additional 1,585 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Stock Performance

GLBE stock opened at $32.06 on Friday. The company has a 50 day moving average price of $46.94 and a two-hundred day moving average price of $46.51. The stock has a market capitalization of $5.27 billion, a P/E ratio of -72.86, a PEG ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a one year low of $28.11 and a one year high of $63.69.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. Research analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Benchmark decreased their target price on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on shares of Global-E Online from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Piper Sandler lifted their target price on shares of Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Morgan Stanley upgraded shares of Global-E Online from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $55.00 to $46.00 in a research report on Wednesday, March 26th. Finally, UBS Group cut their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Global-E Online presently has a consensus rating of “Buy” and a consensus target price of $57.00.

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.