Annis Gardner Whiting Capital Advisors LLC Acquires 2,140 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Annis Gardner Whiting Capital Advisors LLC raised its holdings in Global-E Online Ltd. (NASDAQ:GLBE) by 38.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,640 shares of the company’s stock after purchasing an additional 2,140 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Global-E Online were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. RiverPark Advisors LLC purchased a new position in shares of Global-E Online during the 3rd quarter valued at $26,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Global-E Online during the 3rd quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Global-E Online during the 3rd quarter valued at $175,000. Yousif Capital Management LLC purchased a new position in shares of Global-E Online during the 3rd quarter valued at $223,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Global-E Online during the 3rd quarter valued at $234,000. Institutional investors own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $40.00 price target on shares of Global-E Online in a research report on Monday, April 1st. Benchmark reissued a “buy” rating and set a $41.00 price objective on shares of Global-E Online in a report on Tuesday. Morgan Stanley raised Global-E Online from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $33.00 to $37.00 in a report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $50.00 price objective on shares of Global-E Online in a report on Thursday, February 22nd. Finally, JMP Securities reissued a “market outperform” rating and set a $46.00 price objective on shares of Global-E Online in a report on Tuesday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $43.83.

Global-E Online Price Performance

NASDAQ GLBE traded down $0.98 during trading on Thursday, reaching $29.82. The company’s stock had a trading volume of 305,373 shares, compared to its average volume of 1,203,286. The stock has a market capitalization of $4.90 billion, a PE ratio of -41.62 and a beta of 1.13. The firm has a fifty day moving average of $33.50 and a 200 day moving average of $35.69. Global-E Online Ltd. has a one year low of $27.30 and a one year high of $45.72.

Global-E Online (NASDAQ:GLBE) last announced its earnings results on Monday, May 20th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. The business had revenue of $145.90 million for the quarter, compared to analyst estimates of $141.55 million. Global-E Online had a negative return on equity of 18.05% and a negative net margin of 20.52%. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.26) EPS. Research analysts expect that Global-E Online Ltd. will post -0.44 earnings per share for the current fiscal year.

About Global-E Online

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.