Key Points
- COO Shahar Tamari sold 16,666 shares at an average price of $33.81 for $563,477.46 on March 18, and still directly owns 3,419,745 shares (a 0.48% reduction) valued at about $115.62 million.
- Analysts show a broadly positive tilt with a consensus rating of "Moderate Buy" and a consensus price target of $47.80; notable calls include Benchmark raising its target to $60 (buy) and Zacks upgrading to strong-buy, while Weiss Ratings maintained a sell.
- Globe-e's stock trades around the mid-$30s with a market cap of $5.77 billion and a P/E of ~91.9, a 12-month range of $26.64–$43.21, and roughly 94.6% institutional ownership amid recent institutional buying activity.
Global-e Online Ltd. (NASDAQ:GLBE - Get Free Report) COO Shahar Tamari sold 16,666 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $33.81, for a total value of $563,477.46. Following the completion of the transaction, the chief operating officer directly owned 3,419,745 shares in the company, valued at approximately $115,621,578.45. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Global-e Online Stock Down 0.1%
NASDAQ GLBE opened at $33.99 on Friday. The stock's 50-day simple moving average is $35.44 and its two-hundred day simple moving average is $36.47. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $43.21. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 91.86 and a beta of 1.24.
Analysts Set New Price Targets
A number of brokerages recently weighed in on GLBE. Benchmark raised their price objective on Global-e Online from $52.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 19th. Zacks Research upgraded shares of Global-e Online from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 19th. Piper Sandler reissued an "overweight" rating on shares of Global-e Online in a research note on Thursday, February 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Global-e Online in a report on Monday, December 29th. Finally, KeyCorp cut 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, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.80.
Get Our Latest Report on GLBE
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GLBE. Arohi Asset Management PTE Ltd. boosted its holdings in Global-e Online by 0.6% during the 4th quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company's stock valued at $148,604,000 after acquiring an additional 23,213 shares during the period. Vident Advisory LLC increased its stake in Global-e Online by 10.5% in the 4th quarter. Vident Advisory LLC now owns 14,866 shares of the company's stock worth $584,000 after purchasing an additional 1,413 shares during the period. XTX Topco Ltd purchased a new position in Global-e Online in the 4th quarter worth approximately $689,000. Twinbeech Capital LP bought a new stake in Global-e Online in the fourth quarter valued at approximately $208,000. Finally, SRS Investment Management LLC boosted its stake in shares of Global-e Online by 203.4% during the fourth quarter. SRS Investment Management LLC now owns 896,717 shares of the company's stock valued at $35,250,000 after purchasing an additional 601,168 shares during the period. Hedge funds and other institutional investors own 94.60% of the company's stock.
Global-e Online Company Profile
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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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