Handelsbanken Fonder AB Has $4.14 Million Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Handelsbanken Fonder AB increased its position in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,870 shares of the company’s stock after buying an additional 5,312 shares during the quarter. Handelsbanken Fonder AB’s holdings in Global-E Online were worth $4,137,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares during the period. CIBC Asset Management Inc raised its stake in shares of Global-E Online by 4.4% in the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock valued at $362,000 after acquiring an additional 393 shares during the last quarter. Juncture Wealth Strategies LLC raised its stake in shares of Global-E Online by 3.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company’s stock valued at $718,000 after acquiring an additional 494 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Global-E Online by 6.8% in the third quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company’s stock valued at $300,000 after acquiring an additional 500 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Global-E Online by 1.6% in the third quarter. Van ECK Associates Corp now owns 32,828 shares of the company’s stock valued at $1,235,000 after acquiring an additional 508 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-E Online Price Performance

Shares of NASDAQ:GLBE opened at $45.07 on Monday. The company has a market cap of $7.40 billion, a price-to-earnings ratio of -102.43, a PEG ratio of 4.61 and a beta of 1.23. The firm has a 50 day simple moving average of $56.49 and a 200 day simple moving average of $45.83. Global-E Online Ltd. has a one year low of $28.11 and a one year high of $63.69.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The firm had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. During the same quarter last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. As a group, analysts expect that Global-E Online Ltd. will post 0.25 EPS for the current year.

Analyst Ratings Changes

GLBE has been the subject of a number of research reports. UBS Group lowered 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 report on Friday. Needham & Company LLC lifted their target price on shares of Global-E Online from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group lifted their target price on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Morgan Stanley lifted their target price on shares of Global-E Online from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Finally, KeyCorp lifted their target price on shares of Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.58.

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.