96,249 Shares in Global-E Online Ltd. (NASDAQ:GLBE) Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC bought a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 96,249 shares of the company’s stock, valued at approximately $5,248,000. Driehaus Capital Management LLC owned approximately 0.06% of Global-E Online as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC grew its holdings in shares of Global-E Online by 6.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 770,999 shares of the company’s stock worth $42,043,000 after purchasing an additional 45,739 shares in the last quarter. Meitav Investment House Ltd. bought a new stake in Global-E Online during the fourth quarter valued at approximately $454,000. Amundi grew its stake in Global-E Online by 126.9% in the 4th quarter. Amundi now owns 788,542 shares of the company’s stock worth $41,619,000 after buying an additional 440,953 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Global-E Online in the 4th quarter worth $802,000. Finally, Mount Yale Investment Advisors LLC raised its position in shares of Global-E Online by 143.8% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company’s stock valued at $1,118,000 after buying an additional 12,094 shares in the last quarter. 94.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on GLBE shares. The Goldman Sachs Group decreased their price target on shares of Global-E Online from $59.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their price target on shares of Global-E Online from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Morgan Stanley raised Global-E Online from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $55.00 to $46.00 in a research note on Wednesday, March 26th. Needham & Company LLC lowered their target price on 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. Finally, UBS Group reduced 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. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Global-E Online has an average rating of “Buy” and a consensus target price of $51.33.

Global-E Online Trading Up 0.6 %

Shares of Global-E Online stock opened at $37.74 on Friday. Global-E Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69. The company has a market cap of $6.38 billion, a P/E ratio of -85.77, a PEG ratio of 4.61 and a beta of 1.36. The company’s fifty day simple moving average is $35.51 and its two-hundred day simple moving average is $45.79.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $262.91 million for the quarter, compared to analysts’ expectations of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. Global-E Online’s quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. Analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.

About Global-E Online

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.