Harel Insurance Investments & Financial Services Ltd. Buys 680,338 Shares of Global-e Online Ltd. $GLBE

Harel Insurance Investments & Financial Services Ltd. lifted its position in Global-e Online Ltd. (NASDAQ:GLBE) by 118.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,253,732 shares of the company’s stock after buying an additional 680,338 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.74% of Global-e Online worth $42,050,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Global-e Online by 52.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after acquiring an additional 488 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. Sterling Investment Advisors Ltd. grew its position in shares of Global-e Online by 1.1% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 55,500 shares of the company’s stock valued at $1,861,000 after purchasing an additional 600 shares in the last quarter. Values First Advisors Inc. increased its holdings in shares of Global-e Online by 5.1% in the first quarter. Values First Advisors Inc. now owns 18,614 shares of the company’s stock worth $664,000 after purchasing an additional 908 shares during the period. Finally, Berbice Capital Management LLC purchased a new stake in shares of Global-e Online in the first quarter worth $36,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-e Online Trading Up 1.2%

Shares of Global-e Online stock opened at $36.43 on Friday. The firm has a market capitalization of $6.18 billion, a PE ratio of -214.29, a price-to-earnings-growth ratio of 1.94 and a beta of 1.25. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The business’s 50-day moving average price is $35.15 and its 200-day moving average price is $34.09.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The company 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 company posted ($0.13) EPS. Global-e Online’s quarterly revenue 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. As a group, analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online announced that its Board of Directors has initiated a share buyback plan on Thursday, September 4th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently commented on GLBE. Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, October 8th. Zacks Research upgraded Global-e Online to a “hold” rating in a research report on Friday, August 8th. Truist Financial boosted their price objective on Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group raised their target price on shares of Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.08.

Global-e Online 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.