Bank of New York Mellon Corp Purchases 4,524 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Bank of New York Mellon Corp increased its position in Global-E Online Ltd. (NASDAQ:GLBE) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 137,901 shares of the company’s stock after buying an additional 4,524 shares during the period. Bank of New York Mellon Corp owned about 0.08% of Global-E Online worth $7,520,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Global-E Online by 69.1% in 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 period. Geneos Wealth Management Inc. boosted its holdings in Global-E Online by 1,968.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock worth $43,000 after buying an additional 748 shares during the period. Arcadia Investment Management Corp MI bought a new position in Global-E Online in the 4th quarter worth $59,000. Quarry LP boosted its holdings in Global-E Online by 226.1% in the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after buying an additional 1,585 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in Global-E Online by 388.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,014 shares of the company’s stock worth $110,000 after buying an additional 1,602 shares during the period. Institutional investors own 94.60% of the company’s stock.

Global-E Online Trading Up 0.5 %

Shares of NASDAQ GLBE opened at $36.09 on Friday. The firm’s 50-day moving average price is $52.02 and its 200-day moving average price is $46.39. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of -82.02, a P/E/G ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a 12-month low of $28.11 and a 12-month high of $63.69.

Global-E Online (NASDAQ:GLBE) last posted its quarterly earnings data 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. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The company had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, equities analysts predict that Global-E Online Ltd. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GLBE has been the topic of several research analyst reports. JMP Securities boosted their price target on shares of Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 21st. UBS Group decreased their price target on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. KeyCorp boosted their price target on shares of Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Benchmark decreased their price target on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Jefferies Financial Group boosted their price target on shares of Global-E Online from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Global-E Online presently has an average rating of “Moderate Buy” and an average price target of $59.08.

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.