Fox Run Management L.L.C. Purchases Shares of 6,790 Global-E Online Ltd. (NASDAQ:GLBE)

Fox Run Management L.L.C. acquired a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,790 shares of the company’s stock, valued at approximately $370,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock valued at $26,000 after acquiring an additional 197 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Global-E Online by 1,968.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after purchasing an additional 748 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Global-E Online in the fourth quarter worth $59,000. Whipplewood Advisors LLC acquired a new position in Global-E Online during the fourth quarter worth $65,000. Finally, SBI Securities Co. Ltd. bought a new position in Global-E Online in the fourth quarter valued at $99,000. 94.60% of the stock is owned by institutional investors and hedge funds.

Global-E Online Price Performance

Shares of GLBE opened at $37.24 on Thursday. The firm has a market capitalization of $6.12 billion, a PE ratio of -84.64, a PEG ratio of 4.61 and a beta of 1.30. The company’s 50-day moving average is $49.44 and its 200-day moving average is $46.61. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $63.69.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. Analysts predict that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on GLBE. Wells Fargo & Company cut their price target on shares of Global-E Online from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Benchmark reduced their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. UBS Group lowered their price target on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group upped their price objective on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $64.00 target price on shares of Global-E Online in a research note on Wednesday, March 12th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Global-E Online has an average rating of “Buy” and an average price target of $58.33.

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.