Global-e Online Ltd. $GLBE Stake Boosted by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 35.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 515,000 shares of the company’s stock after purchasing an additional 135,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.30% of Global-e Online worth $17,273,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GLBE. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Global-e Online by 28.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,446 shares of the company’s stock valued at $479,000 after purchasing an additional 2,955 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Global-e Online by 202.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 126,313 shares of the company’s stock worth $4,503,000 after buying an additional 84,545 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. grew its holdings in Global-e Online by 13.9% in the 1st quarter. Yelin Lapidot Holdings Management Ltd. now owns 395,555 shares of the company’s stock worth $14,102,000 after buying an additional 48,389 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Global-e Online by 69.8% in the 1st quarter. Teacher Retirement System of Texas now owns 45,392 shares of the company’s stock worth $1,618,000 after buying an additional 18,654 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Global-e Online by 14.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 573,394 shares of the company’s stock worth $20,441,000 after buying an additional 73,891 shares in the last quarter. 94.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GLBE has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Global-e Online in a report on Wednesday, October 8th. The Goldman Sachs Group increased their price objective on Global-e Online from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Truist Financial increased their price objective on Global-e Online from $31.00 to $32.00 and gave the stock a “sell” rating in a report on Thursday, July 17th. Finally, Zacks Research raised Global-e Online to a “hold” rating in a report on Friday, August 8th. Eleven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.08.

Global-e Online Price Performance

GLBE opened at $36.10 on Wednesday. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of -212.35, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. Global-e Online Ltd. has a 1-year low of $26.64 and a 1-year high of $63.69. The business has a 50 day moving average price of $34.92 and a two-hundred day moving average price of $34.02.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $214.88 million during the quarter, compared to the consensus estimate of $207.95 million. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) earnings per share. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Global-e Online Ltd. will post 0.25 EPS for the current fiscal year.

Global-e Online announced that its Board of Directors has approved a share repurchase plan on Thursday, September 4th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Global-e Online Company Profile

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.