Summit Creek Advisors LLC Has $9.12 Million Holdings in Global-e Online Ltd. $GLBE

Summit Creek Advisors LLC raised its holdings in Global-e Online Ltd. (NASDAQ:GLBE) by 41.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 272,032 shares of the company’s stock after acquiring an additional 80,230 shares during the period. Summit Creek Advisors LLC owned about 0.16% of Global-e Online worth $9,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Global-e Online by 28.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,446 shares of the company’s stock worth $479,000 after purchasing an additional 2,955 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Global-e Online by 69.8% in the 1st quarter. Teacher Retirement System of Texas now owns 45,392 shares of the company’s stock valued at $1,618,000 after acquiring an additional 18,654 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Global-e Online by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 139,297 shares of the company’s stock valued at $4,966,000 after acquiring an additional 1,396 shares in the last quarter. New Insight Wealth Advisors acquired a new position in Global-e Online during the 1st quarter worth approximately $4,278,000. Finally, Berbice Capital Management LLC bought a new stake in shares of Global-e Online in the first quarter worth $36,000. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed 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 note on Friday, August 8th. Truist Financial upped their target price on shares of Global-e Online from $31.00 to $32.00 and gave the company a “sell” rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group lifted their price target on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.08.

Global-e Online Trading Up 2.9%

NASDAQ:GLBE opened at $36.37 on Thursday. The stock has a 50 day simple moving average of $35.36 and a 200 day simple moving average of $34.17. The stock has a market cap of $6.17 billion, a P/E ratio of -213.94, a PEG ratio of 1.89 and a beta of 1.25. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping 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 company had revenue of $214.88 million during the quarter, compared to the consensus estimate of $207.95 million. During the same quarter last year, the firm earned ($0.13) earnings per share. The company’s revenue was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Global-e Online Ltd. will post 0.25 EPS for the current year.

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