Whipplewood Advisors LLC Takes $65,000 Position in Global-E Online Ltd. (NASDAQ:GLBE)

Whipplewood Advisors LLC acquired a new position in Global-E Online Ltd. (NASDAQ:GLBE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,184 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its stake in shares of Global-E Online by 69.1% in the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 197 shares during the period. CIBC Asset Management Inc lifted 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 worth $362,000 after acquiring an additional 393 shares during the period. Juncture Wealth Strategies LLC lifted 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 worth $718,000 after acquiring an additional 494 shares during the period. Daiwa Securities Group Inc. lifted 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 worth $300,000 after acquiring an additional 500 shares during the period. Finally, Van ECK Associates Corp lifted 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 worth $1,235,000 after acquiring an additional 508 shares during the period. 94.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GLBE has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. UBS Group lowered their target price on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group lifted their target price on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company lifted their target price on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Morgan Stanley lifted their target price on Global-E Online from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.58.

Global-E Online Stock Up 0.1 %

NASDAQ GLBE opened at $42.62 on Friday. The company has a market cap of $7.00 billion, a price-to-earnings ratio of -96.86, a P/E/G ratio of 4.61 and a beta of 1.23. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $63.69. The business has a 50 day moving average price of $55.30 and a 200-day moving average price of $46.01.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company’s quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, equities research analysts anticipate 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.