State of Wyoming Purchases 23,210 Shares of Global-e Online Ltd. $GLBE

State of Wyoming grew its position in Global-e Online Ltd. (NASDAQ:GLBE) by 62.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 60,299 shares of the company’s stock after purchasing an additional 23,210 shares during the quarter. State of Wyoming’s holdings in Global-e Online were worth $1,860,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP raised its holdings in shares of Global-e Online by 231.8% in the second quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after acquiring an additional 2,392,124 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Global-e Online by 68.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after acquiring an additional 2,387,242 shares during the period. Janus Henderson Group PLC grew its holdings in Global-e Online by 1,539.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after acquiring an additional 2,131,047 shares in the last quarter. Arohi Asset Management PTE Ltd. grew its holdings in Global-e Online by 91.0% during the 2nd quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after acquiring an additional 1,345,156 shares in the last quarter. Finally, Norges Bank purchased a new position in Global-e Online during the 4th quarter valued at about $51,104,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Insider Transactions at Global-e Online

In related news, President Nir Debbi sold 9,233 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $33.70, for a total transaction of $311,152.10. Following the completion of the transaction, the president owned 4,559,466 shares in the company, valued at $153,654,004.20. The trade was a 0.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Shahar Tamari sold 28,623 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $36.02, for a total transaction of $1,031,000.46. Following the sale, the chief operating officer directly owned 3,956,685 shares of the company’s stock, valued at $142,519,793.70. The trade was a 0.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 319,914 shares of company stock valued at $10,989,302 in the last 90 days. Insiders own 11.60% of the company’s stock.

Global-e Online Stock Performance

Shares of Global-e Online stock opened at $35.55 on Thursday. The company has a market capitalization of $6.03 billion, a PE ratio of 54.69 and a beta of 1.06. The company has a 50-day simple moving average of $33.55 and a two-hundred day simple moving average of $33.82. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $41.94.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GLBE. Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group dropped their price objective on shares of 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. Truist Financial raised shares of Global-e Online from a “hold” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $39.00 in a report on Wednesday, June 10th. Raymond James Financial reissued an “outperform” rating and issued a $42.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Finally, Weiss Ratings cut Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

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.