Values First Advisors Inc. Sells 2,091 Shares of Global-e Online Ltd. $GLBE

Values First Advisors Inc. lowered its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 11.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,523 shares of the company’s stock after selling 2,091 shares during the quarter. Values First Advisors Inc.’s holdings in Global-e Online were worth $554,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in Global-e Online by 6.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,769,843 shares of the company’s stock worth $170,045,000 after purchasing an additional 308,218 shares during the period. Contour Asset Management LLC boosted its position in Global-e Online by 17.8% during the first quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company’s stock worth $111,203,000 after purchasing an additional 472,380 shares during the period. Arohi Asset Management PTE Ltd. boosted its position in Global-e Online by 130.5% during the first quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company’s stock worth $52,681,000 after purchasing an additional 836,522 shares during the period. Jennison Associates LLC boosted its position in Global-e Online by 33,950.1% during the first quarter. Jennison Associates LLC now owns 1,418,526 shares of the company’s stock worth $50,570,000 after purchasing an additional 1,414,360 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in Global-e Online by 149.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company’s stock worth $44,491,000 after purchasing an additional 748,608 shares during the period. Institutional investors own 94.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Global-e Online to a “hold” rating in a research report on Friday, August 8th. The Goldman Sachs Group increased their target price on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Truist Financial increased their price target on shares of Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a report on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.08.

Global-e Online Trading Down 0.6%

Shares of Global-e Online stock opened at $33.56 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 $5.70 billion, a price-to-earnings ratio of -197.41, a PEG ratio of 1.80 and a beta of 1.25. The company’s 50-day moving average price is $34.60 and its 200-day moving average price is $33.94.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $214.88 million for the quarter, compared to the consensus estimate of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 4th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.