Vitruvian Partners LLP Acquires 37,767 Shares of Global-e Online Ltd. $GLBE

Vitruvian Partners LLP grew its holdings in Global-e Online Ltd. (NASDAQ:GLBE) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,209 shares of the company’s stock after purchasing an additional 37,767 shares during the quarter. Global-e Online comprises about 5.9% of Vitruvian Partners LLP’s portfolio, making the stock its 5th biggest position. Vitruvian Partners LLP’s holdings in Global-e Online were worth $8,263,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares during the period. Geneos Wealth Management Inc. raised its stake 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. PNC Financial Services Group Inc. raised its stake 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. Prostatis Group LLC raised its stake in Global-e Online by 8.8% during the 3rd quarter. Prostatis Group LLC now owns 8,113 shares of the company’s stock worth $290,000 after buying an additional 659 shares during the period. Finally, State of Tennessee Department of Treasury raised its stake in Global-e Online by 46.8% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,975 shares of the company’s stock worth $133,000 after buying an additional 1,267 shares during the period. 94.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GLBE. Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a research note on Wednesday, May 13th. UBS Group dropped their price target on Global-e Online from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a $40.00 price target on shares of Global-e Online in a research note on Wednesday, May 13th. Benchmark upped their price target on Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Bank of America began coverage on Global-e Online in a research note on Tuesday, March 31st. They set a “buy” rating and a $43.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Global-e Online presently has an average rating of “Moderate Buy” and a consensus target price of $44.17.

Global-e Online Stock Down 0.6%

Shares of Global-e Online stock opened at $29.95 on Friday. The company has a market cap of $5.08 billion, a PE ratio of 46.08 and a beta of 1.18. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The business has a 50 day moving average price of $31.35 and a 200-day moving average price of $35.11.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to the consensus estimate of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.The company’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) earnings per share. As a group, research analysts anticipate that Global-e Online Ltd. will post 1.12 EPS for the current year.

Insider Transactions at Global-e Online

In other news, CEO Amir Schlachet sold 8,333 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $29.00, for a total value of $241,657.00. Following the completion of the sale, the chief executive officer directly owned 4,241,723 shares of the company’s stock, valued at $123,009,967. This represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Nir Debbi sold 2,303 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $30.01, for a total value of $69,113.03. Following the completion of the sale, the president directly owned 4,570,562 shares of the company’s stock, valued at approximately $137,162,565.62. This trade represents a 0.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 183,290 shares of company stock valued at $6,045,366 over the last ninety days. 11.60% of the stock is currently owned by insiders.

Global-e Online Company 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.