Nir Debbi Sells 8,332 Shares of Global-e Online (NASDAQ:GLBE) Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 8,332 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $37.23, for a total transaction of $310,200.36. Following the transaction, the president owned 4,407,371 shares of the company’s stock, valued at $164,086,422.33. This represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nir Debbi also recently made the following trade(s):

• On Monday, August 3rd, Nir Debbi sold 14,582 shares of Global-e Online stock. The shares were sold at an average price of $40.11, for a total transaction of $584,884.02.
• On Friday, July 10th, Nir Debbi sold 150 shares of Global-e Online stock. The stock was sold at an average price of $39.02, for a total transaction of $5,853.00.
• On Wednesday, July 1st, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $35.82, for a total transaction of $298,452.24.
• On Thursday, June 25th, Nir Debbi sold 5,180 shares of Global-e Online stock. The shares were sold at an average price of $34.66, for a total value of $179,538.80.
• On Wednesday, June 24th, Nir Debbi sold 6,890 shares of Global-e Online stock. The stock was sold at an average price of $34.02, for a total value of $234,397.80.
• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.47, for a total transaction of $135,270.02.

Global-e Online Trading Up 0.2%

Global-e Online stock opened at $38.37 on Friday. The company’s 50-day moving average price is $38.81 and its two-hundred day moving average price is $34.54. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 44.62 and a beta of 1.00. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $43.99.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The business had revenue of $299.00 million during the quarter. Research analysts expect that Global-e Online Ltd. will post 1.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on GLBE shares. BMO Capital Markets lifted their target price on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Loop Capital set a $49.00 target price on shares of Global-e Online in a report on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and set a $47.00 target price on shares of Global-e Online in a report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 target price on shares of Global-e Online in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Global-e Online presently has an average rating of “Moderate Buy” and an average price target of $47.69.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc lifted its holdings in Global-e Online by 73.3% in the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Global-e Online in the fourth quarter worth $39,000. Geneos Wealth Management Inc. boosted its holdings in shares of 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 boosted its holdings in shares of 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. Finally, Kestra Advisory Services LLC acquired a new position in Global-e Online in the 4th quarter valued at $72,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

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.