Summit Creek Advisors LLC Acquires 33,331 Shares of Global-e Online Ltd. $GLBE

Summit Creek Advisors LLC grew its holdings in Global-e Online Ltd. (NASDAQ:GLBE) by 12.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,363 shares of the company’s stock after acquiring an additional 33,331 shares during the period. Summit Creek Advisors LLC’s holdings in Global-e Online were worth $10,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its stake in Global-e Online by 79.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 86,839 shares of the company’s stock valued at $3,105,000 after purchasing an additional 38,348 shares during the period. Clay Northam Wealth Management LLC grew its holdings in Global-e Online by 3.9% during the 3rd quarter. Clay Northam Wealth Management LLC now owns 24,740 shares of the company’s stock valued at $885,000 after buying an additional 925 shares in the last quarter. Annex Advisory Services LLC grew its holdings in Global-e Online by 7.1% during the 3rd quarter. Annex Advisory Services LLC now owns 389,391 shares of the company’s stock valued at $13,925,000 after buying an additional 25,932 shares in the last quarter. Institute for Wealth Management LLC. raised its position in shares of Global-e Online by 13.0% during the third quarter. Institute for Wealth Management LLC. now owns 9,856 shares of the company’s stock valued at $352,000 after buying an additional 1,136 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Global-e Online by 5.6% in the third quarter. CWM LLC now owns 21,331 shares of the company’s stock worth $763,000 after buying an additional 1,134 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-e Online Trading Up 2.7%

Shares of NASDAQ:GLBE opened at $41.59 on Monday. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 1,386.80 and a beta of 1.24. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $63.69. The company has a 50-day moving average price of $38.58 and a 200 day moving average price of $35.76.

Global-e Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $220.78 million for the quarter, compared to the consensus estimate of $217.95 million. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.The company’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.13) earnings per share. As a group, equities analysts forecast that Global-e Online Ltd. will post 0.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Needham & Company LLC raised their price objective on Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Benchmark reaffirmed a “buy” rating on shares of Global-e Online in a report on Wednesday, December 17th. Truist Financial set a $41.00 price target on Global-e Online in a research note on Thursday, December 11th. Finally, Piper Sandler lifted their price objective on Global-e Online from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.91.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.