FDx Advisors Inc. Takes $266,000 Position in Global-E Online Ltd. (NASDAQ:GLBE)

FDx Advisors Inc. bought a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,881 shares of the company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after buying an additional 197 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Global-E Online by 4.4% in the 3rd quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock valued at $362,000 after buying an additional 393 shares during the last quarter. Juncture Wealth Strategies LLC raised its stake in Global-E Online by 3.9% during the 4th quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company’s stock worth $718,000 after acquiring an additional 494 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Global-E Online by 6.8% in the third quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company’s stock valued at $300,000 after acquiring an additional 500 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Global-E Online by 1.6% in the third quarter. Van ECK Associates Corp now owns 32,828 shares of the company’s stock valued at $1,235,000 after acquiring an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-E Online Price Performance

Shares of GLBE stock opened at $45.07 on Friday. The business’s fifty day moving average price is $56.49 and its 200 day moving average price is $45.65. The firm has a market capitalization of $7.40 billion, a PE ratio of -102.43, a P/E/G ratio of 5.03 and a beta of 1.23. Global-E Online Ltd. has a 1-year low of $28.11 and a 1-year high of $63.69.

Global-E Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $262.91 million for the quarter, compared to analysts’ expectations of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.60%. The business’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. Equities research analysts expect that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

GLBE has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their target price on Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company increased their price objective on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Needham & Company LLC raised their price objective on shares of Global-E Online from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Benchmark reduced their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Global-E Online presently has a consensus rating of “Moderate Buy” and an average target price of $59.58.

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.