1 week Ago By Defense World Staff
Geode Capital Management LLC boosted its position in Global-E Online Ltd. (NASDAQ:GLBE – Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 972,025 shares of the company’s stock after acquiring an additional 38,549 shares during the quarter. Geode Capital Management LLC owned 0.59% of Global-E Online worth $52,809,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in GLBE. Charles Schwab Investment Management Inc. lifted its position in shares of Global-E Online by 10.
0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,151 shares of the company’s stock worth $2,735,000 after purchasing an additional 6,485 shares during the last quarter.
Quantinno Capital Management LP purchased a new stake in Global-E Online during the 3rd quarter worth about $252,000. State Street Corp boosted its position in shares of Global-E Online by 3.7% during the 3rd quarter.
State Street Corp now owns 1,550,647 shares of the company’s stock worth $59,607,000 after acquiring an additional 55,760 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Global-E Online in the 3rd quarter valued at about $2,843,000. Finally, Barclays PLC increased its holdings in shares of Global-E Online by 83.
2% in the 3rd quarter. Barclays PLC now owns 29,636 shares of the company’s stock valued at $1,139,000 after acquiring an additional 13,463 shares during the last quarter. Hedge funds and other institutional investors own 94.
60% of the company’s stock. Global-E Online Trading Down 1.4 %Shares of GLBE stock opened at $33.
71 on Monday. Global-E Online Ltd. has a twelve month low of $26.
64 and a twelve month high of $63.69. The business’s 50 day moving average is $42.
65 and its two-hundred day moving average is $46.28. The company has a market capitalization of $5.
70 billion, a P/E ratio of -76.61, a price-to-earnings-growth ratio of 4.61 and a beta of 1.
36. Global-E Online (NASDAQ:GLBE – Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.
01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02.
The firm had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million.
Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%.
Global-E Online’s quarterly revenue was up 41.8% on a year-over-year basis. During the same period last year, the firm posted $0.
22 EPS. As a group, equities analysts predict that Global-E Online Ltd. will post 0.
25 earnings per share for the current fiscal year. Wall Street Analysts Forecast GrowthGLBE has been the subject of a number of research analyst reports. UBS Group lowered their price target on Global-E Online from $68.
00 to $64.00 and set a “buy” rating for the company in a report on Friday, February 21st. KeyCorp upped their target price on shares of Global-E Online from $55.
00 to $65.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Wells Fargo & Company cut their price target on shares of Global-E Online from $60.
00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Benchmark decreased 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 research note on Thursday, February 20th. Finally, The Goldman Sachs Group cut their target price on Global-E Online from $59.
00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Global-E Online currently has an average rating of “Buy” and a consensus target price of $57.
00.Get Our Latest Research Report on GLBEAbout Global-E Online (Free Report)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.Further ReadingFive stocks we like better than Global-E OnlineWhat is the Shanghai Stock Exchange Composite Index?Is McDonald’s Stock Serving a Value Meal to Investors? Are Penny Stocks a Good Fit for Your Portfolio?Walgreens Comeback? Private Equity Circling for a BuyoutWhat is the Euro STOXX 50 Index?Coca-Cola Stock Looks Refreshing After the Relief Rally.
