Global-e Online Ltd. $GLBE Stock Position Boosted by Brown Capital Management LLC

Brown Capital Management LLC increased its position in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,389,842 shares of the company’s stock after acquiring an additional 216,304 shares during the quarter. Global-e Online comprises 3.5% of Brown Capital Management LLC’s holdings, making the stock its 10th biggest position. Brown Capital Management LLC owned 1.41% of Global-e Online worth $85,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in Global-e Online by 87.4% in the 1st quarter. Royal Bank of Canada now owns 75,286 shares of the company’s stock worth $2,684,000 after purchasing an additional 35,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Global-e Online by 17.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,654 shares of the company’s stock valued at $1,948,000 after buying an additional 8,239 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Global-e Online by 38.5% in the 2nd quarter. Stephens Investment Management Group LLC now owns 235,420 shares of the company’s stock valued at $7,896,000 after purchasing an additional 65,461 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Global-e Online by 43.8% in the second quarter. Asset Management One Co. Ltd. now owns 57,285 shares of the company’s stock worth $1,921,000 after acquiring an additional 17,455 shares during the period. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Stock Performance

GLBE stock opened at $36.55 on Tuesday. The firm has a market cap of $6.20 billion, a PE ratio of 1,218.74 and a beta of 1.24. The firm’s 50 day moving average price is $39.12 and its 200-day moving average price is $36.30. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.The company had revenue of $220.78 million during the quarter, compared to analyst estimates of $217.95 million. During the same period in the prior year, the business posted ($0.13) earnings per share. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. Equities research analysts predict that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Global-e Online in a research report on Monday, December 29th. 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. The Goldman Sachs Group increased their price objective on shares of Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a report on Monday, October 13th. Truist Financial set a $43.00 target price on Global-e Online in a report on Tuesday, January 20th. Finally, Piper Sandler lowered Global-e Online from an “overweight” rating to a “mixed” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, Global-e Online has a consensus rating of “Moderate Buy” and a consensus target price of $50.09.

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.