Nir Debbi Sells 2,303 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 2,303 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $30.01, for a total value of $69,113.03. Following the transaction, the president owned 4,570,562 shares in the company, valued at $137,162,565.62. The trade was a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Nir Debbi also recently made the following trade(s):

• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.57, for a total value of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total value of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The stock was sold at an average price of $34.67, for a total value of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The stock was sold at an average price of $34.09, for a total value of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total value of $137,727.96.
• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total value of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total value of $287,537.32.

Global-e Online Stock Down 0.6%

GLBE opened at $29.95 on Friday. The stock’s fifty day moving average is $31.35 and its two-hundred day moving average is $35.11. The company has a market capitalization of $5.08 billion, a P/E ratio of 46.08 and a beta of 1.18. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $252.09 million for the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.Global-e Online’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period last year, the business posted ($0.11) EPS. Equities analysts anticipate that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GLBE. Bank of America began coverage on Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $40.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. BMO Capital Markets began coverage on Global-e Online in a research report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 target price on the stock. Truist Financial dropped their target price on Global-e Online from $42.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.17.

Institutional Trading of Global-e Online

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Global-e Online during the 4th quarter valued at $39,000. IFP Advisors Inc boosted its position in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Global-e Online by 67.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Global-e Online in the 4th quarter worth $72,000. Institutional investors own 94.60% of the company’s stock.

Global-e Online Company 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.