New York State Common Retirement Fund Acquires 13,644 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

New York State Common Retirement Fund increased its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 41.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,238 shares of the company’s stock after acquiring an additional 13,644 shares during the period. New York State Common Retirement Fund’s holdings in Global-E Online were worth $2,521,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fred Alger Management LLC bought a new stake in Global-E Online during the 3rd quarter worth approximately $53,493,000. JPMorgan Chase & Co. grew its position in Global-E Online by 40.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock worth $70,979,000 after acquiring an additional 533,675 shares during the last quarter. Mount Yale Investment Advisors LLC grew its position in Global-E Online by 143.8% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company’s stock worth $1,118,000 after acquiring an additional 12,094 shares during the last quarter. Public Sector Pension Investment Board grew its position in Global-E Online by 23.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company’s stock worth $1,997,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Global-E Online by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 933,476 shares of the company’s stock worth $35,722,000 after acquiring an additional 30,995 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors.

Global-E Online Stock Up 0.1 %

GLBE stock opened at $42.62 on Friday. The business’s fifty day moving average is $55.30 and its 200-day moving average is $46.09. The company has a market cap of $7.00 billion, a P/E ratio of -96.86, a price-to-earnings-growth ratio of 4.61 and a beta of 1.23. Global-E Online Ltd. has a twelve month low of $28.11 and a twelve month 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, beating analysts’ consensus estimates of ($0.01) by $0.02. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The company had revenue of $262.91 million for the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the prior year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 41.8% on a year-over-year basis. Research analysts anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GLBE shares. 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 report on Friday, January 10th. Raymond James upped their price objective on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company upped their price objective on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Piper Sandler upped their price objective on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, JMP Securities upped their price objective on Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Global-E Online has a consensus rating of “Moderate Buy” and an average target price of $59.58.

About Global-E Online

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.