Nir Debbi Sells 5,180 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 5,180 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $34.66, for a total value of $179,538.80. Following the sale, the president directly owned 4,542,781 shares in the company, valued at $157,452,789.46. This represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nir Debbi also recently made the following trade(s):

• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The shares were sold at an average price of $34.02, for a total value of $234,397.80.
• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total value of $135,270.02.
• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The stock was sold at an average price of $33.70, for a total value of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The shares were sold at an average price of $33.33, for a total value of $14,965.17.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The shares were sold at an average price of $30.25, for a total value of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The stock was sold at an average price of $30.01, for a total value of $69,113.03.
• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.57, for a total transaction of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The shares were sold at an average price of $34.16, for a total transaction of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total transaction of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The stock was sold at an average price of $34.09, for a total transaction of $7,192.99.

Global-e Online Price Performance

NASDAQ GLBE opened at $36.41 on Monday. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The stock has a market capitalization of $6.18 billion, a PE ratio of 56.02 and a beta of 1.16. The firm has a 50 day moving average of $31.57 and a two-hundred day moving average of $34.14.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $252.09 million for the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The company’s revenue was up 32.8% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. On average, equities research analysts expect that Global-e Online Ltd. will post 1.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on GLBE shares. Truist Financial raised Global-e Online from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $39.00 in a report on Wednesday, June 10th. Zacks Research downgraded Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and set a $40.00 target price on shares of Global-e Online in a research report on Wednesday, May 13th. BMO Capital Markets began coverage on Global-e Online in a research note on Tuesday, April 21st. They set an “outperform” rating and a $42.00 target price for the company. Finally, Weiss Ratings downgraded Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Global-e Online currently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Institutional Trading of Global-e Online

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Global-e Online in the 4th quarter valued at about $39,000. IFP Advisors Inc boosted its position in shares of Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after purchasing an additional 448 shares during the period. Geneos Wealth Management Inc. grew its stake in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after buying an additional 528 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after buying an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Global-e Online during the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

About Global-e Online

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.