Global-e Online Ltd. $GLBE Stock Holdings Increased by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. raised its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 837,183 shares of the company’s stock after buying an additional 64,000 shares during the quarter. Global-e Online comprises about 6.3% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its 4th biggest holding. Yelin Lapidot Holdings Management Ltd.’s holdings in Global-e Online were worth $29,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in GLBE. North Peak Capital Management LLC purchased a new stake in shares of Global-e Online in the 2nd quarter valued at approximately $88,481,000. Wasatch Advisors LP raised its position in Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after purchasing an additional 2,392,124 shares during the period. Marshall Wace LLP raised its position in Global-e Online by 182.0% in the second quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock valued at $122,626,000 after purchasing an additional 2,359,435 shares during the period. Dragoneer Investment Group LLC lifted its stake in Global-e Online by 20.5% during the second quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company’s stock worth $337,279,000 after purchasing an additional 1,708,655 shares in the last quarter. Finally, Arohi Asset Management PTE Ltd. boosted its position in shares of Global-e Online by 91.0% during the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after buying an additional 1,345,156 shares during the period. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Stock Performance

Shares of GLBE opened at $41.59 on Monday. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $63.69. The stock has a market capitalization of $7.06 billion, a PE ratio of 1,386.80 and a beta of 1.24. The stock has a 50-day simple moving average of $38.58 and a 200-day simple moving average of $35.76.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Global-e Online had a net margin of 0.82% and a return on equity of 0.81%. The firm had revenue of $220.78 million for the quarter, compared to analysts’ expectations of $217.95 million. During the same quarter last year, the company earned ($0.13) earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year. Analysts predict that Global-e Online Ltd. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial set a $41.00 price objective on Global-e Online in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Global-e Online in a research report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, December 17th. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Finally, The Goldman Sachs Group upped their target price on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.91.

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.