Whipplewood Advisors LLC Makes New Investment in Global-E Online Ltd. (NASDAQ:GLBE)

Whipplewood Advisors LLC acquired a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,184 shares of the company’s stock, valued at approximately $65,000.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Global-E Online by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 137,901 shares of the company’s stock worth $7,520,000 after buying an additional 4,524 shares during the period. First Horizon Advisors Inc. increased its position in Global-E Online by 388.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,014 shares of the company’s stock worth $110,000 after buying an additional 1,602 shares during the period. Arcadia Investment Management Corp MI bought a new position in Global-E Online during the 4th quarter worth $59,000. FDx Advisors Inc. bought a new position in shares of Global-E Online in the fourth quarter worth $266,000. Finally, ING Groep NV bought a new position in shares of Global-E Online in the fourth quarter worth $872,000. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Needham & Company LLC raised their price target on Global-E Online from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised their price target on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group decreased their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Morgan Stanley raised their price target on Global-E Online from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Finally, Piper Sandler raised their price target on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Global-E Online presently has a consensus rating of “Moderate Buy” and an average target price of $59.58.

Global-E Online Stock Up 0.1 %

NASDAQ:GLBE opened at $42.62 on Friday. The stock’s 50-day simple moving average is $55.30 and its 200 day simple moving average is $46.01. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month high of $63.69. The firm has a market capitalization of $7.00 billion, a PE ratio of -96.86, a price-to-earnings-growth ratio of 4.61 and a beta of 1.23.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The firm had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same period last year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, 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.