American Century Companies Inc. Purchases 100,445 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

American Century Companies Inc. lifted its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,209,833 shares of the company’s stock after purchasing an additional 100,445 shares during the quarter. American Century Companies Inc.’s holdings in Global-E Online were worth $65,972,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Global-E Online by 40.7% in the third 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 lifted its position in Global-E Online by 59.1% in the 3rd quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock valued at $60,091,000 after acquiring an additional 580,450 shares in the last quarter. State Street Corp boosted its stake in Global-E Online by 3.7% in the 3rd quarter. State Street Corp now owns 1,550,647 shares of the company’s stock worth $59,607,000 after purchasing an additional 55,760 shares during the period. Fred Alger Management LLC acquired a new stake in shares of Global-E Online in the 3rd quarter valued at about $53,493,000. Finally, FMR LLC boosted its position in shares of Global-E Online by 4.1% during the third quarter. FMR LLC now owns 979,371 shares of the company’s stock worth $37,647,000 after buying an additional 38,597 shares during the period. 94.60% of the stock is owned by institutional investors.

Global-E Online Stock Down 2.3 %

Shares of NASDAQ:GLBE opened at $38.26 on Wednesday. The business has a 50 day moving average of $49.81 and a 200-day moving average of $46.67. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $63.69. The stock has a market cap of $6.28 billion, a PE ratio of -86.95, a P/E/G ratio of 4.61 and a beta of 1.30.

Global-E Online (NASDAQ:GLBE) last announced its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business’s revenue was up 41.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. Equities research analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company cut their target price on Global-E Online from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Needham & Company LLC reissued a “buy” rating and set a $64.00 price target on shares of Global-E Online in a research report on Wednesday, March 12th. KeyCorp raised their price objective on Global-E Online from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Morgan Stanley increased their price target on Global-E Online from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Finally, Piper Sandler boosted 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.08.

Global-E Online 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.