Swiss National Bank Sells 69,820 Shares of Global-e Online Ltd. $GLBE

Swiss National Bank trimmed its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 24.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 210,100 shares of the company’s stock after selling 69,820 shares during the quarter. Swiss National Bank owned about 0.12% of Global-e Online worth $7,047,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. acquired a new position in shares of Global-e Online during the 1st quarter worth approximately $45,000. Geneos Wealth Management Inc. boosted its stake in shares of Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares during the period. Pacer Advisors Inc. grew its position in Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after buying an additional 488 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Global-e Online during the 1st quarter worth $68,000. Finally, ASR Vermogensbeheer N.V. bought a new position in Global-e Online during the 1st quarter worth $122,000. Institutional investors own 94.60% of the company’s stock.

Global-e Online Trading Up 1.2%

Shares of NASDAQ GLBE opened at $40.39 on Monday. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 1,346.78 and a beta of 1.24. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The stock has a 50-day moving average price of $35.92 and a two-hundred day moving average price of $34.23.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $220.78 million for the quarter, compared to the consensus estimate of $217.95 million. Global-e Online had a net margin of 0.82% and a return on equity of 0.81%. The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period last year, the company posted ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online declared that its Board of Directors has approved a share buyback plan on Thursday, September 4th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Global-e Online in a research report on Wednesday. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Monday, November 17th. Zacks Research raised shares of Global-e Online to a “hold” rating in a report on Friday, August 8th. Truist Financial upped their price target on shares of Global-e Online from $32.00 to $36.00 and gave the stock a “sell” rating in a report on Tuesday, November 25th. Finally, Piper Sandler increased their price target on shares of Global-e Online from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Global-e Online currently has an average rating of “Moderate Buy” and a consensus price target of $48.82.

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.