Aigen Investment Management LP Purchases Shares of 14,708 Global-E Online Ltd. (NASDAQ:GLBE)

Aigen Investment Management LP purchased a new stake in Global-E Online Ltd. (NASDAQ:GLBE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,708 shares of the company’s stock, valued at approximately $802,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TimesSquare Capital Management LLC raised its holdings in shares of Global-E Online by 6.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company’s stock valued at $42,043,000 after acquiring an additional 45,739 shares in the last quarter. Fred Alger Management LLC bought a new position in shares of Global-E Online during the 3rd quarter valued at about $53,493,000. JPMorgan Chase & Co. increased its position in shares of Global-E Online by 40.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after purchasing an additional 533,675 shares during the last quarter. Meitav Investment House Ltd. bought a new position in shares of Global-E Online during the 4th quarter valued at about $454,000. Finally, Mount Yale Investment Advisors LLC increased its position in shares of Global-E Online by 143.8% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company’s stock valued at $1,118,000 after purchasing an additional 12,094 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. The Goldman Sachs Group increased their price objective on Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 10th. UBS Group reduced their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Raymond James raised their price target on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Benchmark reduced their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.08.

Global-E Online Stock Performance

Shares of GLBE stock opened at $39.32 on Friday. The firm has a market cap of $6.46 billion, a P/E ratio of -89.36, a P/E/G ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $63.69. The business’s 50 day moving average price is $54.09 and its 200-day moving average price is $46.20.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. As a group, equities analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.

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.