Global-e Online Ltd. $GLBE Shares Bought by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. boosted its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 391,620 shares of the company’s stock after acquiring an additional 51,120 shares during the quarter. Mawer Investment Management Ltd. owned 0.23% of Global-e Online worth $15,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in Global-e Online by 65.7% in the third quarter. Russell Investments Group Ltd. now owns 189,962 shares of the company’s stock valued at $7,547,000 after purchasing an additional 75,299 shares during the last quarter. R Squared Ltd bought a new position in shares of Global-e Online in the third quarter worth approximately $247,000. Jacobi Capital Management LLC bought a new position in shares of Global-e Online in the third quarter worth approximately $48,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Global-e Online by 232.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 112,335 shares of the company’s stock worth $4,517,000 after purchasing an additional 78,584 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Global-e Online in the third quarter worth $709,000. 94.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GLBE shares. Needham & Company LLC reiterated a “buy” rating and set a $47.00 price target on shares of Global-e Online in a report on Tuesday, September 1st. Loop Capital set a $49.00 price target on shares of Global-e Online in a report on Wednesday, August 12th. UBS Group set a $54.00 price target on shares of Global-e Online and gave the stock a “buy” rating in a report on Thursday, August 13th. Zacks Research cut shares of Global-e Online from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Global-e Online in a research note on Wednesday, August 12th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Global-e Online has an average rating of “Moderate Buy” and a consensus target price of $48.83.

Global-e Online Trading Up 1.6%

NASDAQ GLBE traded up $0.66 on Friday, hitting $41.71. The company’s stock had a trading volume of 876,243 shares, compared to its average volume of 1,324,843. The firm has a market cap of $7.08 billion, a P/E ratio of 48.50 and a beta of 1.10. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $45.28. The company’s 50-day simple moving average is $40.17 and its 200 day simple moving average is $35.95.

Global-e Online (NASDAQ:GLBE) last posted its earnings results on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $299.00 million for the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. On average, research analysts forecast that Global-e Online Ltd. will post 1.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Amir Schlachet sold 24,999 shares of Global-e Online stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $41.39, for a total value of $1,034,708.61. Following the sale, the chief executive officer owned 3,616,736 shares in the company, valued at $149,696,703.04. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Nir Debbi sold 18,069 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $44.51, for a total transaction of $804,251.19. Following the transaction, the president directly owned 4,224,724 shares in the company, valued at approximately $188,042,465.24. The trade was a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 544,197 shares of company stock valued at $22,250,761 over the last quarter. 11.60% of the stock is owned by company insiders.

About Global-e Online

Global-e Online Ltd. provides a cross-border e-commerce platform that helps retailers and consumer brands sell to shoppers in international markets. Its services support the online shopping journey, from localized storefronts and checkout through payment and delivery. The platform helps merchants tailor the shopping experience to customers in different countries, including by supporting local currencies and payment options and managing international shipping, duties and taxes, and returns. Global-e serves businesses seeking to reach consumers across a range of global markets.