Park Avenue Securities LLC Has $374,000 Stock Holdings in Global-E Online Ltd. (NASDAQ:GLBE)

Park Avenue Securities LLC lowered its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 5.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,294 shares of the company’s stock after selling 607 shares during the period. Park Avenue Securities LLC’s holdings in Global-E Online were worth $374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ables Iannone Moore & Associates Inc. acquired a new position in Global-E Online in the fourth quarter worth approximately $141,000. Intech Investment Management LLC bought a new position in shares of Global-E Online during the 4th quarter valued at $233,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Global-E Online in the 4th quarter valued at $243,000. OneAscent Financial Services LLC boosted its holdings in Global-E Online by 15.6% in the fourth quarter. OneAscent Financial Services LLC now owns 6,528 shares of the company’s stock worth $259,000 after purchasing an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new position in Global-E Online during the fourth quarter worth $259,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-E Online Stock Up 1.2 %

Global-E Online stock opened at $36.27 on Monday. The business has a 50 day moving average price of $31.46 and a two-hundred day moving average price of $35.13. Global-E Online Ltd. has a 12 month low of $27.30 and a 12 month high of $45.72. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of -49.01 and a beta of 1.07.

Global-E Online (NASDAQ:GLBE) last issued its earnings results on Monday, May 20th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.04. The firm had revenue of $145.90 million during the quarter, compared to analysts’ expectations of $141.55 million. Global-E Online had a negative return on equity of 18.05% and a negative net margin of 20.52%. Global-E Online’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period last year, the business earned ($0.26) earnings per share. On average, analysts expect that Global-E Online Ltd. will post -0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GLBE shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Global-E Online in a research report on Tuesday, May 21st. Bank of America increased their price target on Global-E Online from $46.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. JMP Securities restated a “market outperform” rating and issued a $46.00 price objective on shares of Global-E Online in a research note on Tuesday, May 28th. Benchmark reiterated a “buy” rating and issued a $41.00 target price on shares of Global-E Online in a research note on Tuesday, May 21st. Finally, Morgan Stanley raised shares of Global-E Online from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $33.00 to $37.00 in a research report on Tuesday, May 21st. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Global-E Online presently has a consensus rating of “Buy” and a consensus price target of $43.83.

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.