Global-E Online Ltd. (NASDAQ:GLBE) Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. decreased its position in Global-E Online Ltd. (NASDAQ:GLBE) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 54,900 shares of the company’s stock after selling 2,975 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Global-E Online were worth $2,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Global-E Online by 40.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after buying an additional 533,675 shares during the period. Eventide Asset Management LLC boosted its stake in shares of Global-E Online by 59.1% during the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock valued at $60,091,000 after buying an additional 580,450 shares during the period. State Street Corp boosted its stake in shares of Global-E Online by 3.7% during the 3rd quarter. State Street Corp now owns 1,550,647 shares of the company’s stock valued at $59,607,000 after buying an additional 55,760 shares during the period. Fred Alger Management LLC acquired a new stake in shares of Global-E Online during the 3rd quarter valued at $53,493,000. Finally, FMR LLC boosted its stake in shares of Global-E Online by 4.1% during the 3rd quarter. FMR LLC now owns 979,371 shares of the company’s stock valued at $37,647,000 after buying an additional 38,597 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Stock Performance

NASDAQ:GLBE opened at $44.10 on Tuesday. The firm’s 50-day moving average is $56.23 and its 200-day moving average is $45.90. Global-E Online Ltd. has a 52-week low of $28.11 and a 52-week high of $63.69. The company has a market cap of $7.24 billion, a price-to-earnings ratio of -100.23, a PEG ratio of 4.61 and a beta of 1.23.

Global-E Online (NASDAQ:GLBE) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue was up 41.8% compared to the same quarter last year. Equities analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GLBE shares. The Goldman Sachs Group raised their price target on shares of Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company raised their price target on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Raymond James raised their price target on shares of Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Morgan Stanley raised their price target on shares of Global-E Online from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Finally, UBS Group cut their price target 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. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.58.

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.