OMERS ADMINISTRATION Corp Takes Position in Global-E Online Ltd. (NASDAQ:GLBE)

OMERS ADMINISTRATION Corp bought a new stake in Global-E Online Ltd. (NASDAQ:GLBE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,500 shares of the company’s stock, valued at approximately $1,009,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GLBE. SG Americas Securities LLC grew its position in shares of Global-E Online by 5,939.0% in the fourth quarter. SG Americas Securities LLC now owns 636,393 shares of the company’s stock valued at $34,703,000 after purchasing an additional 625,855 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Global-E Online during the fourth quarter worth approximately $371,000. Fifth Third Bancorp grew its position in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after buying an additional 197 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Global-E Online by 1,968.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after buying an additional 748 shares in the last quarter. Finally, Juncture Wealth Strategies LLC grew its position in Global-E Online by 3.9% during the fourth quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company’s stock worth $718,000 after buying an additional 494 shares in the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GLBE shares. Benchmark reduced their price target on Global-E Online from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday. Raymond James reduced their price target on Global-E Online from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday. UBS Group reduced their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. KeyCorp reduced their price target on Global-E Online from $60.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $64.00 target price on shares of Global-E Online in a report on Thursday. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $49.42.

Global-E Online Stock Performance

Shares of GLBE opened at $33.04 on Friday. Global-E Online Ltd. has a 52 week low of $26.64 and a 52 week high of $63.69. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of -75.09, a PEG ratio of 4.61 and a beta of 1.36. The stock has a fifty day moving average of $35.34 and a 200-day moving average of $45.74.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company had revenue of $189.88 million during the quarter, compared to analysts’ expectations of $187.84 million. As a group, equities analysts forecast that Global-E Online Ltd. will post 0.25 EPS for the current year.

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.