Blue Trust Inc. Buys 1,775 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Blue Trust Inc. lifted its stake in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 696.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,030 shares of the company’s stock after acquiring an additional 1,775 shares during the period. Blue Trust Inc.’s holdings in Global-E Online were worth $111,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Fred Alger Management LLC bought a new position in Global-E Online in the third quarter valued at $53,493,000. JPMorgan Chase & Co. grew its position in Global-E Online by 40.7% in the third quarter. JPMorgan Chase & Co. now owns 1,846,479 shares of the company’s stock valued at $70,979,000 after purchasing an additional 533,675 shares in the last quarter. Mount Yale Investment Advisors LLC grew its position in Global-E Online by 143.8% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 20,507 shares of the company’s stock valued at $1,118,000 after purchasing an additional 12,094 shares in the last quarter. Public Sector Pension Investment Board grew 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 in the last quarter. Finally, Geode Capital Management LLC grew its position in Global-E Online by 3.4% in the third quarter. Geode Capital Management LLC now owns 933,476 shares of the company’s stock valued at $35,722,000 after purchasing an additional 30,995 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Global-E Online Stock Performance

NASDAQ:GLBE opened at $45.07 on Friday. Global-E Online Ltd. has a 52 week low of $28.11 and a 52 week high of $63.69. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of -102.43, a P/E/G ratio of 4.61 and a beta of 1.23. The firm’s 50-day simple moving average is $56.49 and its 200 day simple moving average is $45.75.

Global-E Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.01 EPS 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 business had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same period last year, the firm earned $0.22 earnings per share. Global-E Online’s revenue for the quarter was up 41.8% compared to the same quarter last year. Sell-side analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. UBS Group cut their price target on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Friday. Raymond James raised their target price on shares of Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. KeyCorp raised their target price 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. Finally, Morgan Stanley raised their target price on shares of Global-E Online from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.58.

Global-E Online 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.