J.W. Cole Advisors Inc. Purchases New Position in Global-E Online Ltd. (NASDAQ:GLBE)

J.W. Cole Advisors Inc. purchased a new stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,130 shares of the company’s stock, valued at approximately $243,000.

A number of other institutional investors also recently modified their holdings of the business. Morgan Stanley increased its holdings in Global-E Online by 18.2% during the 3rd quarter. Morgan Stanley now owns 15,827,478 shares of the company’s stock worth $628,984,000 after acquiring an additional 2,438,737 shares during the period. Invesco Ltd. grew its holdings in shares of Global-E Online by 198.4% during the 3rd quarter. Invesco Ltd. now owns 1,566,885 shares of the company’s stock valued at $62,268,000 after purchasing an additional 1,041,746 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Global-E Online by 139.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,265,548 shares of the company’s stock valued at $50,293,000 after purchasing an additional 737,019 shares during the last quarter. Swiss National Bank purchased a new stake in Global-E Online during the 3rd quarter valued at $11,613,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Global-E Online by 14.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,185,991 shares of the company’s stock valued at $86,871,000 after buying an additional 280,936 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GLBE has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating and set a $50.00 price target on shares of Global-E Online in a research report on Thursday, February 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $40.00 target price on shares of Global-E Online in a research report on Monday, April 1st. The Goldman Sachs Group raised their target price on shares of Global-E Online from $36.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Global-E Online Stock Performance

NASDAQ:GLBE opened at $32.81 on Friday. The firm has a market cap of $5.39 billion, a P/E ratio of -40.51 and a beta of 1.10. Global-E Online Ltd. has a fifty-two week low of $26.01 and a fifty-two week high of $45.72. The firm has a 50-day simple moving average of $34.89 and a two-hundred day simple moving average of $36.24.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $185.40 million for the quarter, compared to the consensus estimate of $181.74 million. Global-E Online had a negative net margin of 23.48% and a negative return on equity of 19.33%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.18) earnings per share. On average, equities research analysts predict that Global-E Online Ltd. will post -0.5 EPS for the current year.

Global-E Online Company Profile

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.