State of Wyoming Sells 1,098 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

State of Wyoming lowered its holdings in Global-E Online Ltd. (NASDAQ:GLBE) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,134 shares of the company’s stock after selling 1,098 shares during the quarter. State of Wyoming’s holdings in Global-E Online were worth $444,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GLBE. Fifth Third Bancorp raised its holdings in shares of Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Geneos Wealth Management Inc. raised 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 bought a new position in shares of Global-E Online during the 4th quarter worth approximately $59,000. Whipplewood Advisors LLC bought a new position in shares of Global-E Online during the 4th quarter worth approximately $65,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Global-E Online during the 4th quarter worth approximately $99,000. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GLBE. The Goldman Sachs Group reduced their price objective on shares of Global-E Online from $59.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. KeyCorp reduced their price objective on shares of Global-E Online from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on shares of Global-E Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, May 15th. Raymond James reduced their price objective on shares of Global-E Online from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, May 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Global-E Online in a research note on Thursday, May 15th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $49.42.

Global-E Online Trading Down 1.1%

NASDAQ:GLBE opened at $32.68 on Tuesday. The company’s 50 day moving average is $35.22 and its two-hundred day moving average is $45.80. The company has a market cap of $5.55 billion, a PE ratio of -74.27, a P/E/G ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.02. The business had revenue of $189.88 million for the quarter, compared to the consensus estimate 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 prior year, the firm earned ($0.19) EPS. As a group, analysts expect that Global-E Online Ltd. will post 0.25 EPS 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.