Goldman Sachs Group Inc. Buys 308,218 Shares of Global-e Online Ltd. $GLBE

Goldman Sachs Group Inc. increased its position in Global-e Online Ltd. (NASDAQ:GLBE) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,769,843 shares of the company’s stock after purchasing an additional 308,218 shares during the period. Goldman Sachs Group Inc. owned approximately 2.81% of Global-e Online worth $170,045,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Contour Asset Management LLC lifted its stake in shares of Global-e Online by 17.8% in the first quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company’s stock worth $111,203,000 after buying an additional 472,380 shares in the last quarter. Spyglass Capital Management LLC boosted its stake in Global-e Online by 6.8% during the 4th quarter. Spyglass Capital Management LLC now owns 1,487,335 shares of the company’s stock valued at $81,104,000 after purchasing an additional 94,664 shares during the last quarter. Arohi Asset Management PTE Ltd. increased its holdings in shares of Global-e Online by 130.5% in the 1st quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company’s stock worth $52,681,000 after purchasing an additional 836,522 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Global-e Online by 33,950.1% in the 1st quarter. Jennison Associates LLC now owns 1,418,526 shares of the company’s stock worth $50,570,000 after purchasing an additional 1,414,360 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Global-e Online by 149.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company’s stock valued at $44,491,000 after purchasing an additional 748,608 shares in the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-e Online Trading Down 1.8%

GLBE opened at $36.62 on Thursday. The firm’s 50 day simple moving average is $33.48 and its two-hundred day simple moving average is $34.50. The company has a market capitalization of $6.22 billion, a PE ratio of -215.41, a PEG ratio of 1.99 and a beta of 1.24. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The firm had revenue of $214.88 million during the quarter, compared to the consensus estimate of $207.95 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online declared that its board has authorized a share buyback plan on Thursday, September 4th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently commented on GLBE. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Global-e Online in a report on Thursday, May 15th. Truist Financial lifted their price target on shares of Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a research note on Thursday, July 17th. JMP Securities restated a “market outperform” rating and set a $64.00 price objective on shares of Global-e Online in a research report on Thursday, May 15th. Zacks Research raised shares of Global-e Online to a “hold” rating in a research report on Friday, August 8th. Finally, Raymond James Financial lowered their price target on Global-e Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Global-e Online presently has an average rating of “Moderate Buy” and a consensus target price of $48.33.

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.