Harel Insurance Investments & Financial Services Ltd. Purchases 490,888 Shares of Global-e Online Ltd. $GLBE

Harel Insurance Investments & Financial Services Ltd. lifted its position in Global-e Online Ltd. (NASDAQ:GLBE) by 31.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,041,555 shares of the company’s stock after acquiring an additional 490,888 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Global-e Online were worth $80,254,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after buying an additional 1,376 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Global-e Online by 28.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,954 shares of the company’s stock valued at $106,000 after buying an additional 649 shares in the last quarter. Institutional investors own 94.60% of the company’s stock.

Insider Activity

In other news, President Nir Debbi sold 4,166 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $32.57, for a total value of $135,686.62. Following the completion of the sale, the president owned 4,290,693 shares in the company, valued at approximately $139,747,871.01. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shahar Tamari sold 5,190 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $33.06, for a total transaction of $171,581.40. Following the completion of the sale, the chief operating officer owned 3,785,035 shares of the company’s stock, valued at approximately $125,133,257.10. This represents a 0.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 142,709 shares of company stock worth $4,783,382. 11.60% of the stock is currently owned by corporate insiders.

Global-e Online Stock Performance

NASDAQ:GLBE opened at $31.61 on Wednesday. Global-e Online Ltd. has a one year low of $27.80 and a one year high of $43.21. The firm has a market cap of $5.37 billion, a P/E ratio of 85.43 and a beta of 1.18. The firm has a 50-day simple moving average of $32.76 and a 200-day simple moving average of $35.58.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GLBE. UBS Group decreased their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Morgan Stanley reiterated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Benchmark lifted their price objective on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Finally, BMO Capital Markets began coverage on shares of Global-e Online in a report on Tuesday, April 21st. They set an “outperform” rating and a $42.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Global-e Online currently has an average rating of “Buy” and a consensus price target of $46.77.

Global-e Online 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.