Global-e Online Ltd. $GLBE Stake Reduced by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC cut its holdings in Global-e Online Ltd. (NASDAQ:GLBE) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 521,118 shares of the company’s stock after selling 29,410 shares during the quarter. TimesSquare Capital Management LLC owned about 0.31% of Global-e Online worth $20,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 period. Tower Research Capital LLC TRC raised its holdings 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 period. Jones Financial Companies Lllp raised its holdings in Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock worth $72,000 after buying an additional 1,376 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Global-e Online by 28.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock worth $106,000 after buying an additional 649 shares during the period. 94.60% of the stock is currently owned by institutional investors.

Global-e Online Price Performance

NASDAQ:GLBE opened at $28.63 on Wednesday. Global-e Online Ltd. has a fifty-two week low of $26.84 and a fifty-two week high of $41.94. The stock’s 50-day moving average is $31.62 and its two-hundred day moving average is $35.24. The stock has a market cap of $4.86 billion, a PE ratio of 44.05 and a beta of 1.18.

Global-e Online (NASDAQ:GLBE) last released its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The company had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $250.78 million. During the same quarter in the previous year, the business posted ($0.11) EPS. The business’s revenue for the quarter was up 32.8% on a year-over-year basis. On average, equities research analysts anticipate that Global-e Online Ltd. will post 1.12 earnings per share for the current year.

Insider Buying and Selling at Global-e Online

In other Global-e Online news, CEO Amir Schlachet sold 16,666 shares of Global-e Online stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $34.45, for a total transaction of $574,143.70. Following the transaction, the chief executive officer owned 3,562,787 shares of the company’s stock, valued at $122,738,012.15. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Shahar Tamari sold 25,949 shares of Global-e Online stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.79, for a total value of $902,765.71. Following the transaction, the chief operating officer directly owned 3,790,225 shares in the company, valued at approximately $131,861,927.75. This trade represents a 0.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 167,708 shares of company stock valued at $5,586,117 in the last 90 days. 11.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GLBE shares. Jefferies Financial Group restated a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a report on Wednesday, May 13th. Morgan Stanley cut their price objective on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Bank of America started coverage on Global-e Online in a report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price objective on the stock. Finally, BMO Capital Markets started coverage on Global-e Online in a report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.17.

Global-e Online Profile

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.