Atria Investments Inc Acquires Shares of 3,921 Global-E Online Ltd. (NASDAQ:GLBE)

Atria Investments Inc bought a new position in Global-E Online Ltd. (NASDAQ:GLBE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,921 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GLBE. Oppenheimer Asset Management Inc. grew its stake in shares of Global-E Online by 38.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 20,345 shares of the company’s stock worth $782,000 after acquiring an additional 5,621 shares during the period. CIBC Asset Management Inc boosted its holdings in Global-E Online by 4.4% in the third quarter. CIBC Asset Management Inc now owns 9,420 shares of the company’s stock worth $362,000 after purchasing an additional 393 shares during the last quarter. Swiss National Bank grew its position in Global-E Online by 0.9% in the 3rd quarter. Swiss National Bank now owns 298,920 shares of the company’s stock worth $11,490,000 after purchasing an additional 2,600 shares during the period. Cedar Wealth Management LLC raised its stake in Global-E Online by 32.5% during the 3rd quarter. Cedar Wealth Management LLC now owns 29,030 shares of the company’s stock valued at $1,116,000 after buying an additional 7,121 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Global-E Online by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,151 shares of the company’s stock valued at $2,735,000 after buying an additional 6,485 shares during the period. 94.60% of the stock is currently owned by institutional investors.

Global-E Online Stock Performance

GLBE opened at $36.32 on Wednesday. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of -82.55, a PEG ratio of 4.61 and a beta of 1.30. The company has a fifty day moving average of $51.35 and a 200 day moving average of $46.51. 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 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 firm had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. During the same quarter last year, the business posted $0.22 earnings per share. The business’s quarterly revenue was up 41.8% compared to the same quarter last year. On average, equities research analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. 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 report on Thursday, February 20th. Piper Sandler upped their price target on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price objective on shares of Global-E Online in a report on Wednesday, March 12th. JMP Securities boosted their target price on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research report on Thursday, November 21st. Finally, 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 report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Global-E Online has an average rating of “Moderate Buy” and an average price target of $59.08.

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.