Global-E Online Ltd. (NASDAQ:GLBE) Shares Acquired by Amundi

Amundi lifted its position in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 126.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 788,542 shares of the company’s stock after buying an additional 440,953 shares during the period. Amundi owned approximately 0.48% of Global-E Online worth $41,619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TimesSquare Capital Management LLC increased its holdings in shares of Global-E Online by 6.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company’s stock worth $42,043,000 after buying an additional 45,739 shares during the last quarter. Fred Alger Management LLC purchased a new stake in Global-E Online during the 3rd quarter worth $53,493,000. JPMorgan Chase & Co. boosted its position in Global-E Online by 40.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock worth $70,979,000 after purchasing an additional 533,675 shares during the period. Meitav Investment House Ltd. purchased a new stake in Global-E Online during the 4th quarter worth $454,000. Finally, Mount Yale Investment Advisors LLC boosted its position in Global-E Online by 143.8% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company’s stock worth $1,118,000 after purchasing an additional 12,094 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Global-E Online from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Benchmark decreased their price target on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of Global-E Online from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. JMP Securities upped their price objective on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research report on Thursday, November 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $64.00 price objective on shares of Global-E Online in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.08.

Global-E Online Stock Performance

Shares of Global-E Online stock opened at $38.67 on Thursday. The firm has a market cap of $6.35 billion, a PE ratio of -87.89, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30. The firm’s 50-day simple moving average is $52.75 and its 200-day simple moving average is $46.37. Global-E Online Ltd. has a 1 year low of $28.11 and a 1 year high of $63.69.

Global-E Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business 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%. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. On average, equities analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

About Global-E Online

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.