Janus Henderson Group PLC Increases Position in Global-e Online Ltd. $GLBE

Janus Henderson Group PLC increased its holdings in Global-e Online Ltd. (NASDAQ:GLBE) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,360,866 shares of the company’s stock after acquiring an additional 91,384 shares during the quarter. Janus Henderson Group PLC’s holdings in Global-e Online were worth $72,833,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GLBE. Wasatch Advisors LP boosted its holdings in Global-e Online by 34.0% in the first quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock valued at $199,247,000 after purchasing an additional 1,637,482 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Global-e Online by 68.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after purchasing an additional 2,387,242 shares during the last quarter. Contour Asset Management LLC raised its position in shares of Global-e Online by 4.6% in the 4th quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock valued at $190,342,000 after purchasing an additional 211,034 shares in the last quarter. Arohi Asset Management PTE Ltd. boosted its stake in shares of Global-e Online by 0.6% during the 4th quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock valued at $148,604,000 after buying an additional 23,213 shares during the last quarter. Finally, Brown Capital Management LLC grew its position in shares of Global-e Online by 0.6% during the fourth quarter. Brown Capital Management LLC now owns 2,404,856 shares of the company’s stock worth $94,535,000 after buying an additional 15,014 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Stock Down 1.4%

NASDAQ:GLBE opened at $39.31 on Friday. The company has a market cap of $6.67 billion, a PE ratio of 60.48 and a beta of 1.06. The business’s 50 day moving average is $34.82 and its two-hundred day moving average is $33.80. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94.

Insider Activity at Global-e Online

In other Global-e Online news, COO Shahar Tamari sold 24,999 shares of Global-e Online stock in a transaction on Monday, July 6th. The shares were sold at an average price of $36.81, for a total value of $920,213.19. Following the completion of the transaction, the chief operating officer owned 3,931,686 shares of the company’s stock, valued at $144,725,361.66. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Amir Schlachet sold 24,999 shares of Global-e Online stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $37.09, for a total transaction of $927,212.91. Following the completion of the transaction, the chief executive officer directly owned 4,116,728 shares of the company’s stock, valued at approximately $152,689,441.52. This represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 319,914 shares of company stock valued at $10,989,302. Corporate insiders own 11.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GLBE shares. Zacks Research lowered shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Wall Street Zen downgraded shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BMO Capital Markets began coverage on shares of Global-e Online in a report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price objective for the company. Truist Financial boosted their target price on shares of Global-e Online from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $48.00 target price on shares of Global-e Online in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

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.