Charles Schwab Investment Management Inc. Purchases 1,881 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,032 shares of the company’s stock after purchasing an additional 1,881 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Global-E Online were worth $3,982,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GLBE. Daiwa Securities Group Inc. raised its stake in Global-E Online by 6.8% during the third quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company’s stock worth $300,000 after acquiring an additional 500 shares in the last quarter. FMR LLC lifted its stake in shares of Global-E Online by 4.1% in the 3rd quarter. FMR LLC now owns 979,371 shares of the company’s stock valued at $37,647,000 after acquiring an additional 38,597 shares during the last quarter. Public Sector Pension Investment Board raised its position in Global-E Online by 23.8% in the third quarter. Public Sector Pension Investment Board now owns 51,950 shares of the company’s stock valued at $1,997,000 after purchasing an additional 10,000 shares during the last quarter. Eventide Asset Management LLC increased its stake in shares of Global-E Online by 59.1% in the third quarter. Eventide Asset Management LLC now owns 1,563,254 shares of the company’s stock valued at $60,091,000 after buying an additional 580,450 shares during the period. Finally, Fred Alger Management LLC bought a new position in shares of Global-E Online during the third quarter valued at $53,493,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Stock Performance

Shares of GLBE opened at $37.24 on Thursday. The firm has a market capitalization of $6.12 billion, a P/E ratio of -84.64, a P/E/G ratio of 4.61 and a beta of 1.30. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $63.69. The stock has a 50 day moving average price of $49.44 and a two-hundred day moving average price of $46.61.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings results 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. Global-E Online had a negative return on equity of 8.56% and a negative net margin of 10.04%. The business had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. Global-E Online’s revenue was up 41.8% compared to the same quarter last year. On average, equities analysts forecast that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GLBE shares. UBS Group cut their price objective on 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. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price objective on shares of Global-E Online in a research report on Wednesday, March 12th. The Goldman Sachs Group boosted their price objective on Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Morgan Stanley raised shares of Global-E Online from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $55.00 to $46.00 in a research report on Wednesday. Finally, KeyCorp boosted their target price on shares of Global-E Online from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Global-E Online currently has a consensus 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.