Y Intercept Hong Kong Ltd Has $5.63 Million Stake in Global-e Online Ltd. $GLBE

Y Intercept Hong Kong Ltd raised its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 413.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,722 shares of the company’s stock after buying an additional 135,053 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.10% of Global-e Online worth $5,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Menora Mivtachim Holdings LTD. acquired a new position in Global-e Online in the first quarter valued at about $691,000. Penserra Capital Management LLC lifted its stake in Global-e Online by 61.0% in the first quarter. Penserra Capital Management LLC now owns 131,622 shares of the company’s stock valued at $4,691,000 after buying an additional 49,852 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Global-e Online by 111.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 380,000 shares of the company’s stock valued at $13,547,000 after buying an additional 200,000 shares during the period. Raymond James Financial Inc. lifted its stake in Global-e Online by 207.6% in the first quarter. Raymond James Financial Inc. now owns 161,820 shares of the company’s stock valued at $5,769,000 after buying an additional 109,220 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Global-e Online in the first quarter valued at about $2,017,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Global-e Online Stock Performance

Shares of Global-e Online stock opened at $34.81 on Tuesday. The business’s 50 day simple moving average is $34.83 and its 200 day simple moving average is $34.01. Global-e Online Ltd. has a 52-week low of $26.64 and a 52-week high of $63.69. The firm has a market cap of $5.91 billion, a PE ratio of -204.76, a P/E/G ratio of 1.84 and a beta of 1.25.

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

Global-e Online announced that its Board of Directors has initiated a share buyback plan on Thursday, September 4th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.