North Peak Capital Management LLC Purchases Shares of 2,638,088 Global-e Online Ltd. $GLBE

North Peak Capital Management LLC acquired a new stake in Global-e Online Ltd. (NASDAQ:GLBE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,638,088 shares of the company’s stock, valued at approximately $88,481,000. Global-e Online comprises approximately 6.9% of North Peak Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after buying an additional 488 shares during the period. Main Management ETF Advisors LLC grew its stake in shares of Global-e Online by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 30,053 shares of the company’s stock worth $1,008,000 after purchasing an additional 492 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares in the last quarter. Sterling Investment Advisors Ltd. increased its position in Global-e Online by 1.1% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 55,500 shares of the company’s stock worth $1,861,000 after purchasing an additional 600 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Global-e Online by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,543 shares of the company’s stock valued at $162,000 after buying an additional 1,113 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-e Online Stock Performance

NASDAQ GLBE opened at $40.39 on Friday. The company has a market capitalization of $6.86 billion, a P/E ratio of 1,346.78 and a beta of 1.25. The company has a fifty day moving average of $35.92 and a 200-day moving average of $34.23. Global-e Online Ltd. has a 52-week low of $26.64 and a 52-week high of $63.69.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.The company had revenue of $220.78 million during the quarter, compared to analysts’ expectations of $217.95 million. During the same period in the prior year, the business posted ($0.13) EPS. Global-e Online’s quarterly revenue was up 25.5% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts forecast that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 4th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Zacks Research upgraded Global-e Online to a “hold” rating in a research report on Friday, August 8th. Truist Financial boosted their price target on Global-e Online from $32.00 to $36.00 and gave the company a “sell” rating in a research note on Tuesday. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a report on Monday, November 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Global-e Online in a research note on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $48.82.

Global-e Online Company Profile

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.