Global-e Online Ltd. $GLBE Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 3,232.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,101,009 shares of the company’s stock after purchasing an additional 2,037,962 shares during the period. Wellington Management Group LLP owned approximately 1.24% of Global-e Online worth $72,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Global-e Online in the fourth quarter valued at about $39,000. IFP Advisors Inc grew its position in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares during the period. Geneos Wealth Management Inc. increased its holdings in 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Global-e Online during the 4th quarter valued at approximately $72,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Weiss Ratings raised Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 19th. Wall Street Zen upgraded Global-e Online from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Truist Financial lifted their price target on Global-e Online from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.69.

Global-e Online Stock Performance

GLBE stock opened at $38.80 on Thursday. The stock’s 50 day moving average price is $38.69 and its 200 day moving average price is $34.46. The firm has a market cap of $6.59 billion, a P/E ratio of 45.12 and a beta of 1.00. Global-e Online Ltd. has a 1 year low of $26.84 and a 1 year high of $43.99.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%.The company had revenue of $299.00 million during the quarter. On average, research analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Insider Activity at Global-e Online

In related news, CEO Amir Schlachet sold 81,556 shares of Global-e Online stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.30, for a total transaction of $3,449,818.80. Following the completion of the sale, the chief executive officer owned 3,766,730 shares in the company, valued at approximately $159,332,679. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shahar Tamari sold 24,999 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $41.63, for a total transaction of $1,040,708.37. Following the completion of the transaction, the chief operating officer owned 3,856,689 shares in the company, valued at approximately $160,553,963.07. This trade represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 599,816 shares of company stock valued at $23,810,868 over the last quarter. Insiders own 11.60% of the company’s stock.

About Global-e Online

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.