ProShare Advisors LLC Boosts Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

ProShare Advisors LLC raised its stake in Global-E Online Ltd. (NASDAQ:GLBE) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,293 shares of the company’s stock after acquiring an additional 993 shares during the quarter. ProShare Advisors LLC’s holdings in Global-E Online were worth $2,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GLBE. SG Americas Securities LLC lifted its stake in Global-E Online by 5,939.0% in the fourth quarter. SG Americas Securities LLC now owns 636,393 shares of the company’s stock valued at $34,703,000 after purchasing an additional 625,855 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Global-E Online in the fourth quarter valued at $371,000. Fifth Third Bancorp raised its stake in shares of Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock valued at $26,000 after buying an additional 197 shares during the period. Geneos Wealth Management Inc. lifted its position 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 valued at $43,000 after buying an additional 748 shares during the last quarter. Finally, Juncture Wealth Strategies LLC grew its stake in shares of Global-E Online by 3.9% during the 4th quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company’s stock worth $718,000 after acquiring an additional 494 shares during the period. 94.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on GLBE. The Goldman Sachs Group lowered their price objective on Global-E Online from $59.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Global-E Online in a research report on Thursday, May 15th. JMP Securities reissued a “market outperform” rating and issued a $64.00 price target on shares of Global-E Online in a research report on Thursday, May 15th. Raymond James dropped their price target on shares of Global-E Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, May 15th. Finally, UBS Group cut their price objective on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a report on Friday, February 21st. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, Global-E Online has a consensus rating of “Buy” and a consensus price target of $49.42.

Global-E Online Trading Up 0.0%

Shares of NASDAQ:GLBE opened at $32.69 on Wednesday. The company has a 50 day moving average of $35.16 and a 200 day moving average of $45.71. The stock has a market cap of $5.55 billion, a P/E ratio of -74.30, a P/E/G ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The firm had revenue of $189.88 million during the quarter, compared to analyst estimates of $187.84 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.19) EPS. On average, equities analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

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.