Future Fund LLC Purchases 26,791 Shares of Global-e Online Ltd. $GLBE

Future Fund LLC boosted its position in Global-e Online Ltd. (NASDAQ:GLBE) by 385.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 33,749 shares of the company’s stock after buying an additional 26,791 shares during the quarter. Future Fund LLC’s holdings in Global-e Online were worth $1,132,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Global-e Online during the 2nd quarter valued at about $610,000. Yelin Lapidot Holdings Management Ltd. raised its stake in shares of Global-e Online by 95.5% during the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 773,183 shares of the company’s stock worth $25,933,000 after buying an additional 377,628 shares during the last quarter. Summit Creek Advisors LLC raised its stake in shares of Global-e Online by 41.8% during the second quarter. Summit Creek Advisors LLC now owns 272,032 shares of the company’s stock worth $9,124,000 after buying an additional 80,230 shares during the last quarter. Huntington National Bank lifted its holdings in Global-e Online by 15.0% in the second quarter. Huntington National Bank now owns 301,920 shares of the company’s stock valued at $10,126,000 after buying an additional 39,430 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Global-e Online by 118.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,253,732 shares of the company’s stock valued at $42,050,000 after acquiring an additional 680,338 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-e Online Trading Up 2.0%

Shares of NASDAQ GLBE opened at $36.43 on Friday. The company has a fifty day moving average price of $35.45 and a 200 day moving average price of $34.22. The firm has a market cap of $6.18 billion, a PE ratio of -214.29, a PEG ratio of 1.94 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 issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company 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 company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research 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 repurchase program on Thursday, September 4th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have commented on GLBE shares. 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 research report on Thursday, July 17th. Zacks Research raised Global-e Online to a “hold” rating in a research note on Friday, August 8th. The Goldman Sachs Group increased their target price on Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a report on Wednesday, October 8th. Eleven 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.08.

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.