Connor Clark & Lunn Investment Management Ltd. Takes $610,000 Position in Global-e Online Ltd. $GLBE

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 18,198 shares of the company’s stock, valued at approximately $610,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GLBE. Arohi Asset Management PTE Ltd. boosted its position in Global-e Online by 130.5% in the first quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company’s stock valued at $52,681,000 after buying an additional 836,522 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 buying an additional 748,608 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Global-e Online by 118.7% in the 2nd 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. Contour Asset Management LLC boosted its holdings in shares of Global-e Online by 17.8% during the 1st quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company’s stock valued at $111,203,000 after acquiring an additional 472,380 shares in the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. grew its position in Global-e Online by 95.5% during the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 773,183 shares of the company’s stock worth $25,933,000 after acquiring an additional 377,628 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GLBE shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Global-e Online in a research report on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a research note on Monday. Zacks Research upgraded shares of Global-e Online to a “hold” rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Ten 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.91.

Global-e Online Price Performance

Global-e Online stock opened at $35.39 on Thursday. The stock’s 50 day moving average is $35.59 and its 200 day moving average is $34.23. Global-e Online Ltd. has a one year low of $26.64 and a one year high of $63.69. The firm has a market cap of $6.01 billion, a P/E ratio of -208.18, a P/E/G ratio of 1.97 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $220.78 million during the quarter, compared to analyst estimates of $217.95 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 was up 25.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts anticipate that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Global-e Online declared that its Board of Directors has authorized a share repurchase program on Thursday, September 4th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to buy up to 3.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership 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.