Tidal Investments LLC Has $3.76 Million Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Tidal Investments LLC decreased its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,960 shares of the company’s stock after selling 1,832 shares during the quarter. Tidal Investments LLC’s holdings in Global-E Online were worth $3,760,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GLBE. Fifth Third Bancorp boosted 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 buying an additional 197 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Global-E Online by 1,968.4% during the fourth 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 acquired a new stake in Global-E Online in the fourth quarter valued at $59,000. Whipplewood Advisors LLC acquired a new stake in Global-E Online in the fourth quarter valued at $65,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Global-E Online in the fourth quarter valued at $99,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Trading Up 0.0%

Shares of NASDAQ GLBE opened at $32.69 on Wednesday. Global-E Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The firm has a market cap of $5.55 billion, a P/E ratio of -74.30, a price-to-earnings-growth ratio of 4.61 and a beta of 1.36. The business’s 50 day moving average is $35.16 and its 200-day moving average is $45.71.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GLBE. Raymond James lowered their price objective 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. The Goldman Sachs Group reduced their price target on Global-E Online from $59.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Benchmark dropped their price objective on Global-E Online from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price 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 stock currently has an average rating of “Buy” and an average price target of $49.42.

Global-E Online 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.