Global-E Online Ltd. (NASDAQ:GLBE) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,870 shares of the company’s stock after acquiring an additional 5,312 shares during the quarter. Handelsbanken Fonder AB’s holdings in Global-E Online were worth $4,137,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Global-E Online by 40.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock worth $70,979,000 after buying an additional 533,675 shares during the last quarter. Eventide Asset Management LLC grew its stake in Global-E Online by 59.1% during the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock worth $60,091,000 after buying an additional 580,450 shares during the last quarter. State Street Corp grew its stake in shares of Global-E Online by 3.7% in the 3rd quarter. State Street Corp now owns 1,550,647 shares of the company’s stock valued at $59,607,000 after purchasing an additional 55,760 shares during the last quarter. Fred Alger Management LLC purchased a new position in shares of Global-E Online in the 3rd quarter valued at approximately $53,493,000. Finally, FMR LLC grew its stake in shares of Global-E Online by 4.1% in the 3rd quarter. FMR LLC now owns 979,371 shares of the company’s stock valued at $37,647,000 after purchasing an additional 38,597 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-E Online Stock Performance

NASDAQ:GLBE opened at $45.07 on Monday. Global-E Online Ltd. has a one year low of $28.11 and a one year high of $63.69. The business’s 50-day simple moving average is $56.49 and its 200 day simple moving average is $45.83. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of -102.43, a price-to-earnings-growth ratio of 4.61 and a beta of 1.23.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The firm had revenue of $262.91 million for the quarter, compared to analysts’ expectations of $250.96 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Global-E Online’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, equities research analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Needham & Company LLC lifted their target price on Global-E Online from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their price target on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. The Goldman Sachs Group lifted their price target on Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Raymond James lifted their price objective on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Piper Sandler lifted their price objective on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.58.

Global-E Online Company 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.