Oppenheimer Asset Management Inc. Increases Stake in Global-e Online Ltd. $GLBE

Oppenheimer Asset Management Inc. boosted its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 109.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,536 shares of the company’s stock after buying an additional 29,507 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Global-e Online were worth $1,896,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Berbice Capital Management LLC bought a new position in shares of Global-e Online in the 1st quarter worth approximately $36,000. Assetmark Inc. bought a new stake in shares of Global-e Online during the first quarter valued at approximately $45,000. Geneos Wealth Management Inc. boosted its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares in the last quarter. Pacer Advisors Inc. grew its stake in Global-e Online by 52.9% in the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock worth $50,000 after purchasing an additional 488 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Global-e Online in the first quarter worth $68,000. 94.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GLBE. Truist Financial boosted their target price on shares of Global-e Online from $31.00 to $32.00 and gave the company a “sell” rating in a report on Thursday, July 17th. Zacks Research raised shares of Global-e Online to a “hold” rating in a research report on Friday, August 8th. The Goldman Sachs Group upped their price objective on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Global-e Online in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.08.

Global-e Online Price Performance

Shares of Global-e Online stock opened at $36.01 on Friday. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $63.69. The firm’s 50-day moving average is $35.09 and its 200 day moving average is $34.05. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of -211.82, a PEG ratio of 1.92 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $214.88 million during the quarter, compared to analysts’ expectations of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online announced that its Board of Directors has approved a stock repurchase plan on Thursday, September 4th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.