Global-E Online Ltd. (NASDAQ:GLBE) is Barton Investment Management’s 5th Largest Position

Barton Investment Management grew its position in Global-E Online Ltd. (NASDAQ:GLBE) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,036,767 shares of the company’s stock after acquiring an additional 34,080 shares during the quarter. Global-E Online comprises approximately 4.5% of Barton Investment Management’s portfolio, making the stock its 5th biggest position. Barton Investment Management’s holdings in Global-E Online were worth $36,961,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GLBE. Arcadia Investment Management Corp MI acquired a new stake in shares of Global-E Online during the fourth quarter worth about $59,000. Whipplewood Advisors LLC purchased a new stake in Global-E Online during the 4th quarter valued at approximately $65,000. SBI Securities Co. Ltd. acquired a new stake in Global-E Online during the 4th quarter worth approximately $99,000. First Horizon Advisors Inc. grew its stake in shares of Global-E Online by 388.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,014 shares of the company’s stock valued at $110,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Global-E Online by 696.1% in the 4th quarter. Blue Trust Inc. now owns 2,030 shares of the company’s stock valued at $111,000 after purchasing an additional 1,775 shares during the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-E Online Stock Performance

Global-E Online stock opened at $34.59 on Friday. The company has a market cap of $5.87 billion, a P/E ratio of -78.61, a price-to-earnings-growth ratio of 4.61 and a beta of 1.26. Global-E Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The business has a fifty day moving average of $33.97 and a two-hundred day moving average of $44.94.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business had revenue of $189.88 million during the quarter, compared to the consensus estimate of $187.84 million. During the same quarter last year, the firm posted ($0.19) EPS. The business’s revenue was up 30.2% compared to the same quarter last year. Sell-side analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group cut their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Truist Financial assumed coverage on shares of Global-E Online in a research note on Monday, June 2nd. They issued a “sell” rating and a $31.00 price objective on the stock. Piper Sandler restated an “overweight” rating and set a $42.00 price objective on shares of Global-E Online in a research report on Wednesday, May 14th. Wells Fargo & Company reduced their target price on shares of Global-E Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, May 15th. Finally, Raymond James lowered their target price on shares of Global-E Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

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.