Nordea Investment Management AB Has $7.29 Million Stock Holdings in Global-e Online Ltd. $GLBE

Nordea Investment Management AB trimmed its position in Global-e Online Ltd. (NASDAQ:GLBE) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,214 shares of the company’s stock after selling 33,543 shares during the quarter. Nordea Investment Management AB owned approximately 0.11% of Global-e Online worth $7,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc increased its position in Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after buying an additional 448 shares during the last quarter. Virtus Advisers LLC bought a new position in shares of Global-e Online during the 2nd quarter worth approximately $47,000. Geneos Wealth Management Inc. increased its holdings in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after acquiring an additional 528 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Global-e Online by 780.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Global-e Online by 237.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after acquiring an additional 1,376 shares during the period. Institutional investors own 94.60% of the company’s stock.

Global-e Online Stock Performance

GLBE opened at $32.14 on Thursday. Global-e Online Ltd. has a fifty-two week low of $26.64 and a fifty-two week high of $43.21. The company has a market capitalization of $5.46 billion, a P/E ratio of 86.86 and a beta of 1.24. The stock has a fifty day moving average of $34.76 and a 200-day moving average of $36.43.

Insider Activity at Global-e Online

In related news, COO Shahar Tamari sold 16,666 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $33.81, for a total transaction of $563,477.46. Following the transaction, the chief operating officer directly owned 3,419,745 shares of the company’s stock, valued at approximately $115,621,578.45. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Nir Debbi sold 8,332 shares of Global-e Online stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $34.51, for a total transaction of $287,537.32. Following the completion of the sale, the president owned 3,897,506 shares of the company’s stock, valued at $134,502,932.06. This trade represents a 0.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 41,664 shares of company stock worth $1,425,158. Corporate insiders own 11.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GLBE shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Benchmark lifted their target price on shares of Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. KeyCorp decreased their price target on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, Wall Street Zen downgraded shares of Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.80.

About Global-e Online

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.