American Trust Purchases Shares of 12,300 Global-e Online Ltd. (NASDAQ:GLBE)

American Trust purchased a new stake in Global-e Online Ltd. (NASDAQ:GLBEGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,300 shares of the company’s stock, valued at approximately $415,000.

Several other large investors have also recently bought and sold shares of GLBE. Prospera Financial Services Inc bought a new position in shares of Global-e Online during the first quarter worth approximately $71,000. Tortoise Index Solutions LLC bought a new position in shares of Global-e Online during the fourth quarter worth approximately $87,000. Rockefeller Capital Management L.P. bought a new position in shares of Global-e Online during the fourth quarter worth approximately $95,000. Captrust Financial Advisors increased its holdings in shares of Global-e Online by 19,195.0% during the first quarter. Captrust Financial Advisors now owns 3,859 shares of the company’s stock worth $130,000 after purchasing an additional 3,839 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Global-e Online by 56.1% during the first quarter. Advisors Asset Management Inc. now owns 4,832 shares of the company’s stock worth $163,000 after purchasing an additional 1,737 shares during the period. 68.15% of the stock is owned by institutional investors.

Global-e Online Price Performance

Shares of Global-e Online stock opened at $33.27 on Friday. Global-e Online Ltd. has a fifty-two week low of $15.63 and a fifty-two week high of $77.38. The firm has a market capitalization of $5.18 billion, a P/E ratio of -33.27 and a beta of 1.24. The company’s 50 day moving average price is $28.89 and its two-hundred day moving average price is $26.60.

Global-e Online (NASDAQ:GLBEGet Rating) last issued its earnings results on Tuesday, August 16th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.01. Global-e Online had a negative net margin of 50.20% and a negative return on equity of 6.60%. The firm had revenue of $87.31 million for the quarter, compared to analyst estimates of $83.50 million. During the same quarter last year, the business posted $0.04 earnings per share. The company’s quarterly revenue was up 52.4% on a year-over-year basis. On average, analysts expect that Global-e Online Ltd. will post -1.24 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Global-e Online from $31.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Piper Sandler increased their price target on shares of Global-e Online from $28.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Bank of America increased their price target on shares of Global-e Online from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. KeyCorp increased their price target on shares of Global-e Online from $30.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Finally, Morgan Stanley increased their price target on shares of Global-e Online from $34.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 17th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $40.89.

About Global-e Online

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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.

See Also

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Institutional Ownership by Quarter for Global-e Online (NASDAQ:GLBE)

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