Key Points
- CEO Amir Schlachet sold 16,666 shares on March 17 at an average price of $34.45 for a total of $574,143.70, reducing his stake by 0.47% to 3,562,787 shares (valued at about $122.74 million).
- Global-e trades near the mid-$30s with a market cap of $5.77 billion and a high P/E of 91.95, a 52-week range of $26.64–$43.21, and 50/200-day moving averages around $35.57 and $36.49 respectively.
- The stock has an overall analyst consensus of a "Moderate Buy" with an average price target of $47.80 (majority Buy ratings) and high institutional ownership at about 94.6%.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) President Nir Debbi sold 8,332 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $34.51, for a total value of $287,537.32. Following the sale, the president directly owned 3,897,506 shares of the company's stock, valued at $134,502,932.06. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Global-e Online Trading Up 0.4%
Global-e Online stock opened at $34.02 on Thursday. The company has a market cap of $5.77 billion, a PE ratio of 91.95 and a beta of 1.24. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $43.21. The company's 50-day moving average is $35.57 and its two-hundred day moving average is $36.49.
Institutional Investors Weigh In On Global-e Online
A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of Global-e Online by 87.4% during the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company's stock valued at $2,684,000 after purchasing an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Global-e Online by 17.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company's stock worth $1,948,000 after buying an additional 8,239 shares during the period. Geneos Wealth Management Inc. lifted its stake in Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock valued at $47,000 after buying an additional 528 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Global-e Online in the second quarter valued at approximately $610,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Global-e Online by 32.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 23,904 shares of the company's stock valued at $802,000 after buying an additional 5,882 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on GLBE. Bank of America reaffirmed a "buy" rating on shares of Global-e Online in a report on Wednesday, February 18th. Needham & Company LLC increased their price target on Global-e Online from $40.00 to $47.00 and gave the company a "buy" rating in a research note on Thursday, December 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Global-e Online in a research report on Monday, December 29th. Piper Sandler reaffirmed an "overweight" rating on shares of Global-e Online in a research note on Thursday, February 19th. Finally, Benchmark increased their target price on Global-e Online from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $47.80.
View Our Latest Analysis on GLBE
About Global-e Online
(
Get Free Report)
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.
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