Stephens Investment Management Group LLC Boosts Stake in Global-e Online Ltd. $GLBE

Stephens Investment Management Group LLC lifted its position in Global-e Online Ltd. (NASDAQ:GLBE) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 254,869 shares of the company’s stock after acquiring an additional 19,449 shares during the period. Stephens Investment Management Group LLC’s holdings in Global-e Online were worth $9,114,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GLBE. Main Management ETF Advisors LLC raised its holdings in Global-e Online by 1.7% in the second 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 in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after buying an additional 528 shares during the period. Sterling Investment Advisors Ltd. increased its stake in shares of Global-e Online by 1.1% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 55,500 shares of the company’s stock worth $1,861,000 after acquiring an additional 600 shares in the last quarter. Clay Northam Wealth Management LLC lifted its position in Global-e Online by 3.9% during the 3rd quarter. Clay Northam Wealth Management LLC now owns 24,740 shares of the company’s stock valued at $885,000 after acquiring an additional 925 shares during the period. Finally, CWM LLC boosted its stake in Global-e Online by 5.6% during the third quarter. CWM LLC now owns 21,331 shares of the company’s stock worth $763,000 after acquiring an additional 1,134 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Trading Down 2.1%

Shares of GLBE opened at $37.50 on Friday. The firm has a fifty day simple moving average of $38.91 and a two-hundred day simple moving average of $35.97. The firm has a market cap of $6.36 billion, a PE ratio of 1,250.42 and a beta of 1.24. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of Global-e Online from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. The Goldman Sachs Group boosted their target price on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Benchmark restated a “buy” rating on shares of Global-e Online in a report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global-e Online in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.91.

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.