ING Groep NV Has $37.44 Million Position in Global-e Online Ltd. $GLBE

ING Groep NV lifted its position in Global-e Online Ltd. (NASDAQ:GLBE) by 129.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,047,000 shares of the company’s stock after acquiring an additional 590,000 shares during the period. ING Groep NV owned approximately 0.62% of Global-e Online worth $37,441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dragoneer Investment Group LLC grew its holdings in Global-e Online by 20.5% during the second quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company’s stock valued at $337,279,000 after purchasing an additional 1,708,655 shares during the period. Marshall Wace LLP boosted its position in shares of Global-e Online by 182.0% during the second quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock worth $122,626,000 after purchasing an additional 2,359,435 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Global-e Online by 27.0% during the second quarter. JPMorgan Chase & Co. now owns 3,617,284 shares of the company’s stock worth $121,324,000 after purchasing an additional 770,028 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Global-e Online by 231.8% in the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after buying an additional 2,392,124 shares during the period. Finally, Arohi Asset Management PTE Ltd. increased its position in shares of Global-e Online by 91.0% in the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock valued at $94,680,000 after buying an additional 1,345,156 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th. Truist Financial set a $43.00 price target on Global-e Online in a report on Tuesday, January 20th. Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Friday, December 19th. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research report on Friday, January 16th. Finally, Piper Sandler cut Global-e Online from an “overweight” rating to a “mixed” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.09.

Global-e Online Price Performance

GLBE stock opened at $32.91 on Wednesday. The stock has a market capitalization of $5.59 billion, a P/E ratio of 1,097.37 and a beta of 1.24. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $63.69. The business has a 50-day moving average of $38.26 and a 200-day moving average of $36.24.

Global-e Online (NASDAQ:GLBE) last announced its earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $220.78 million for the quarter, compared to analyst estimates of $217.95 million. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.Global-e Online’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) EPS. Equities analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.