Tudor Investment Corp ET AL Buys Shares of 4,947 Global-E Online Ltd. (NASDAQ:GLBE)

Tudor Investment Corp ET AL bought a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,947 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GLBE. Barclays PLC grew its holdings in Global-E Online by 83.2% during the third quarter. Barclays PLC now owns 29,636 shares of the company’s stock valued at $1,139,000 after purchasing an additional 13,463 shares during the period. Nordea Investment Management AB acquired a new position in shares of Global-E Online in the 4th quarter valued at $451,000. SG Americas Securities LLC increased its position in shares of Global-E Online by 5,939.0% in the 4th quarter. SG Americas Securities LLC now owns 636,393 shares of the company’s stock valued at $34,703,000 after buying an additional 625,855 shares in the last quarter. Mutual Advisors LLC acquired a new stake in Global-E Online during the 4th quarter worth $371,000. Finally, Fifth Third Bancorp lifted its holdings in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 197 shares in the last quarter. 94.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GLBE shares. Benchmark lowered their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group lowered their target price on Global-E Online from $59.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. KeyCorp reduced their price target on shares of Global-E Online from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. UBS Group dropped their price objective on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Needham & Company LLC reduced their target price on shares of Global-E Online from $64.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $51.33.

Global-E Online Stock Up 0.6 %

GLBE stock opened at $37.74 on Friday. The company has a market cap of $6.38 billion, a price-to-earnings ratio of -85.77, a P/E/G ratio of 4.61 and a beta of 1.36. Global-E Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69. The business has a 50 day moving average price of $35.51 and a two-hundred day moving average price of $45.79.

Global-E Online (NASDAQ:GLBE) last issued its earnings results 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. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. During the same period in the previous year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, equities research analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current fiscal 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.