GSA Capital Partners LLP Buys 20,539 Shares of Global-e Online Ltd. $GLBE

GSA Capital Partners LLP boosted its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 65.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,856 shares of the company’s stock after purchasing an additional 20,539 shares during the quarter. GSA Capital Partners LLP’s holdings in Global-e Online were worth $2,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its position in Global-e Online by 51.7% during the fourth quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock worth $4,484,000 after purchasing an additional 38,869 shares during the period. Stephens Investment Management Group LLC boosted its position in Global-e Online by 8.7% during the fourth quarter. Stephens Investment Management Group LLC now owns 276,971 shares of the company’s stock worth $10,888,000 after purchasing an additional 22,102 shares during the period. Yelin Lapidot Holdings Management Ltd. boosted its position in Global-e Online by 2.6% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 858,583 shares of the company’s stock worth $33,751,000 after purchasing an additional 21,400 shares during the period. Pier Capital LLC bought a new position in Global-e Online during the fourth quarter worth $1,582,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Global-e Online by 31.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,041,555 shares of the company’s stock worth $80,254,000 after purchasing an additional 490,888 shares during the period. 94.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Benchmark lifted their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. KeyCorp reduced their target price on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Piper Sandler reissued an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Bank of America began coverage on shares of Global-e Online in a research report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.17.

Insider Activity

In related news, COO Shahar Tamari sold 8,333 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $32.45, for a total value of $270,405.85. Following the completion of the transaction, the chief operating officer owned 3,768,369 shares of the company’s stock, valued at $122,283,574.05. The trade was a 0.22% 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. Also, President Nir Debbi sold 4,166 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $32.57, for a total value of $135,686.62. Following the completion of the transaction, the president directly owned 4,290,693 shares of the company’s stock, valued at approximately $139,747,871.01. This trade represents a 0.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 167,708 shares of company stock valued at $5,586,117. 11.60% of the stock is owned by company insiders.

Global-e Online Stock Performance

Shares of Global-e Online stock opened at $28.63 on Wednesday. The firm has a 50-day moving average of $31.62 and a 200-day moving average of $35.24. The stock has a market cap of $4.86 billion, a PE ratio of 44.05 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 announced its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. Global-e Online’s quarterly revenue was up 32.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Equities research analysts predict that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal 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.