Global-e Online Ltd. $GLBE Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Global-e Online Ltd. (NASDAQ:GLBE) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 544,200 shares of the company’s stock after selling 613 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Global-e Online were worth $17,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GLBE. Jennison Associates LLC raised its stake in Global-e Online by 33,950.1% in the 1st quarter. Jennison Associates LLC now owns 1,418,526 shares of the company’s stock valued at $50,570,000 after purchasing an additional 1,414,360 shares during the last quarter. Arohi Asset Management PTE Ltd. raised its stake in Global-e Online by 130.5% in the 1st quarter. Arohi Asset Management PTE Ltd. now owns 1,477,728 shares of the company’s stock valued at $52,681,000 after purchasing an additional 836,522 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Global-e Online by 149.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,247,984 shares of the company’s stock valued at $44,491,000 after purchasing an additional 748,608 shares during the last quarter. Contour Asset Management LLC raised its stake in Global-e Online by 17.8% in the 1st quarter. Contour Asset Management LLC now owns 3,119,286 shares of the company’s stock valued at $111,203,000 after purchasing an additional 472,380 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new position in Global-e Online in the 2nd quarter valued at about $12,190,000. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-e Online Stock Performance

Shares of NASDAQ:GLBE opened at $32.36 on Friday. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $63.69. The stock has a market capitalization of $5.49 billion, a P/E ratio of -190.35, a PEG ratio of 1.79 and a beta of 1.25. The stock has a 50-day simple moving average of $34.55 and a 200-day simple moving average of $33.92.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Global-e Online had a negative return on equity of 3.20% and a negative net margin of 3.37%.The business had revenue of $214.88 million during the quarter, compared to analysts’ expectations of $207.95 million. During the same quarter in the previous year, the business earned ($0.13) EPS. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Global-e Online Ltd. will post 0.25 earnings per share for the current year.

Global-e Online announced that its Board of Directors has initiated a share buyback program on Thursday, September 4th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to buy up to 3.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GLBE shares. The Goldman Sachs Group boosted their target price on shares of Global-e Online from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Truist Financial lifted their price target on Global-e Online from $31.00 to $32.00 and gave the company a “sell” rating in a report on Thursday, July 17th. Zacks Research upgraded Global-e Online to a “hold” rating in a report on Friday, August 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Global-e Online in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Global-e Online has a consensus rating of “Moderate Buy” and a consensus target price of $48.08.

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.