Global-E Online Ltd. (NASDAQ:GLBE) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 6,424.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 506,746 shares of the company’s stock after acquiring an additional 498,979 shares during the period. American Century Companies Inc. owned 0.31% of Global-E Online worth $18,380,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital World Investors increased its position in Global-E Online by 581.5% during the fourth quarter. Capital World Investors now owns 3,105,532 shares of the company’s stock worth $123,072,000 after buying an additional 2,649,873 shares during the period. Brown Capital Management LLC acquired a new position in Global-E Online during the first quarter worth approximately $69,352,000. Contour Asset Management LLC acquired a new position in Global-E Online during the fourth quarter worth approximately $57,816,000. Kodai Capital Management LP increased its position in Global-E Online by 184.9% during the first quarter. Kodai Capital Management LP now owns 1,307,194 shares of the company’s stock worth $47,517,000 after buying an additional 848,375 shares during the period. Finally, Norges Bank acquired a new position in Global-E Online during the fourth quarter worth approximately $33,175,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Price Performance

Global-E Online stock opened at $38.05 on Friday. Global-E Online Ltd. has a 1-year low of $27.30 and a 1-year high of $42.88. The company has a market cap of $6.25 billion, a PE ratio of -51.42 and a beta of 1.09. The stock’s 50 day moving average price is $34.60 and its 200 day moving average price is $33.68.

Global-E Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. Global-E Online had a negative return on equity of 16.41% and a negative net margin of 17.33%. The firm had revenue of $168.00 million for the quarter, compared to the consensus estimate of $165.95 million. During the same period in the previous year, the business earned ($0.22) earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, equities research analysts anticipate that Global-E Online Ltd. will post -0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Global-E Online in a research report on Thursday, August 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Global-E Online in a research report on Monday, July 1st. Morgan Stanley lifted their target price on Global-E Online from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. JMP Securities reiterated a “market outperform” rating and issued a $46.00 target price on shares of Global-E Online in a research note on Wednesday, July 10th. Finally, KeyCorp lowered their target price on Global-E Online from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Global-E Online presently has a consensus rating of “Buy” and a consensus price target of $42.82.

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.