Global-e Online (NASDAQ:GLBE) President Sells $234,397.80 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 6,890 shares of Global-e Online stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $34.02, for a total transaction of $234,397.80. Following the sale, the president directly owned 4,547,961 shares in the company, valued at $154,721,633.22. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Nir Debbi also recently made the following trade(s):

• On Monday, June 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $32.47, for a total transaction of $135,270.02.
• On Monday, June 1st, Nir Debbi sold 9,233 shares of Global-e Online stock. The shares were sold at an average price of $33.70, for a total value of $311,152.10.
• On Tuesday, June 2nd, Nir Debbi sold 449 shares of Global-e Online stock. The stock was sold at an average price of $33.33, for a total value of $14,965.17.
• On Thursday, May 21st, Nir Debbi sold 1,863 shares of Global-e Online stock. The stock was sold at an average price of $30.25, for a total value of $56,355.75.
• On Wednesday, May 20th, Nir Debbi sold 2,303 shares of Global-e Online stock. The shares were sold at an average price of $30.01, for a total value of $69,113.03.
• On Monday, May 4th, Nir Debbi sold 4,166 shares of Global-e Online stock. The shares were sold at an average price of $32.57, for a total value of $135,686.62.
• On Monday, April 20th, Nir Debbi sold 8 shares of Global-e Online stock. The stock was sold at an average price of $34.16, for a total value of $273.28.
• On Friday, April 17th, Nir Debbi sold 7,191 shares of Global-e Online stock. The shares were sold at an average price of $34.67, for a total value of $249,311.97.
• On Thursday, April 16th, Nir Debbi sold 211 shares of Global-e Online stock. The shares were sold at an average price of $34.09, for a total value of $7,192.99.
• On Wednesday, April 15th, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $33.06, for a total transaction of $137,727.96.

Global-e Online Price Performance

GLBE opened at $36.41 on Friday. The stock has a market capitalization of $6.18 billion, a PE ratio of 56.02 and a beta of 1.16. The firm’s fifty day moving average price is $31.57 and its 200 day moving average price is $34.17. Global-e Online Ltd. has a 12-month low of $26.84 and a 12-month high of $41.94.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period last year, the business earned ($0.11) EPS. On average, equities research analysts forecast that Global-e Online Ltd. will post 1.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global-e Online

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of Global-e Online by 90.1% during the first quarter. Bank of America Corp DE now owns 330,418 shares of the company’s stock worth $10,193,000 after acquiring an additional 156,641 shares during the last quarter. Janus Henderson Group PLC lifted its position in Global-e Online by 4.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,360,866 shares of the company’s stock valued at $72,833,000 after purchasing an additional 91,384 shares during the last quarter. Royal Bank of Canada boosted its stake in Global-e Online by 2.8% during the 1st quarter. Royal Bank of Canada now owns 37,100 shares of the company’s stock valued at $1,145,000 after purchasing an additional 996 shares during the period. Empowered Funds LLC acquired a new position in Global-e Online during the 1st quarter valued at about $1,144,000. Finally, Lazard Asset Management LLC grew its position in Global-e Online by 4.7% in the 1st quarter. Lazard Asset Management LLC now owns 98,748 shares of the company’s stock worth $3,046,000 after purchasing an additional 4,428 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GLBE shares. UBS Group lowered their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Zacks Research downgraded Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Raymond James Financial reissued an “outperform” rating and set a $42.00 price target on shares of Global-e Online in a research report on Wednesday, May 13th. Morgan Stanley reduced their price objective on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

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.