Avantax Advisory Services Inc. Purchases New Position in Global-E Online Ltd. (NASDAQ:GLBE)

Avantax Advisory Services Inc. acquired a new position in shares of Global-E Online Ltd. (NASDAQ:GLBE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,965 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its stake in Global-E Online by 69.1% during the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Global-E Online by 1,968.4% during the fourth 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 purchased a new position in shares of Global-E Online during the fourth quarter worth about $59,000. Whipplewood Advisors LLC acquired a new position in Global-E Online in the 4th quarter valued at about $65,000. Finally, Quarry LP raised its stake in Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock valued at $88,000 after acquiring an additional 1,585 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Price Performance

Shares of NASDAQ:GLBE opened at $37.24 on Thursday. Global-E Online Ltd. has a 12 month low of $28.11 and a 12 month high of $63.69. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of -84.64, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30. The business’s 50 day simple moving average is $49.44 and its 200-day simple moving average is $46.61.

Global-E Online (NASDAQ:GLBE) last posted its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating 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 company had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. During the same quarter in the prior year, the company earned $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 anticipate that Global-E Online Ltd. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GLBE shares. UBS Group dropped their target price on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Needham & Company LLC restated a “buy” rating and issued a $64.00 target price on shares of Global-E Online in a research note on Wednesday, March 12th. 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. Wells Fargo & Company dropped their price target on shares of Global-E Online from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Finally, Piper Sandler raised their price objective 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. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, Global-E Online presently has an average rating of “Buy” and an average target price 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.