Chicago Partners Investment Group LLC Has $403,000 Position in Global-e Online Ltd. $GLBE

Chicago Partners Investment Group LLC reduced its position in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 35.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,561 shares of the company’s stock after selling 6,275 shares during the period. Chicago Partners Investment Group LLC’s holdings in Global-e Online were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GLBE. Berbice Capital Management LLC acquired a new position in shares of Global-e Online during the first quarter worth about $36,000. Assetmark Inc. acquired a new position in Global-e Online during the first quarter valued at approximately $45,000. Geneos Wealth Management Inc. boosted its position in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after purchasing an additional 528 shares during the last quarter. Pacer Advisors Inc. boosted its position in Global-e Online by 52.9% during the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company’s stock valued at $50,000 after purchasing an additional 488 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online during the first quarter valued at approximately $68,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-e Online Stock Up 1.1%

NASDAQ:GLBE opened at $34.45 on Friday. The stock’s 50 day moving average price is $34.70 and its two-hundred day moving average price is $33.97. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of -202.65, a P/E/G ratio of 1.82 and a beta of 1.25. Global-e Online Ltd. has a 12-month low of $26.64 and a 12-month high of $63.69.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $214.88 million for the quarter, compared to analyst estimates of $207.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current year.

Global-e Online announced that its board has initiated a stock repurchase plan on Thursday, September 4th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on GLBE shares. The Goldman Sachs Group increased their price target on Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, October 8th. Zacks Research raised Global-e Online to a “hold” rating in a research report on Friday, August 8th. Finally, Truist Financial increased their price target on Global-e Online from $31.00 to $32.00 and gave the company a “sell” rating in a research report on Thursday, July 17th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.08.

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.