Lombard Odier Asset Management USA Corp Purchases 632 Shares of Global-E Online Ltd. (NASDAQ:GLBE)

Lombard Odier Asset Management USA Corp increased its position in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,782 shares of the company’s stock after acquiring an additional 632 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Global-E Online were worth $391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors increased its position in shares of Global-E Online by 60.5% during the first quarter. Capital World Investors now owns 4,983,485 shares of the company’s stock worth $181,150,000 after purchasing an additional 1,877,953 shares in the last quarter. Eventide Asset Management LLC increased its position in Global-E Online by 0.5% during the 4th quarter. Eventide Asset Management LLC now owns 2,464,197 shares of the company’s stock valued at $97,656,000 after buying an additional 13,350 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Global-E Online by 16.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,956,990 shares of the company’s stock valued at $71,137,000 after buying an additional 270,949 shares during the last quarter. Brown Capital Management LLC acquired a new stake in Global-E Online in the first quarter worth about $69,352,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Global-E Online by 30.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,490 shares of the company’s stock worth $59,464,000 after acquiring an additional 378,827 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on GLBE shares. Bank of America decreased their price objective on shares of Global-E Online from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Piper Sandler decreased their price target on shares of Global-E Online from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Needham & Company LLC reissued a “buy” rating and set a $48.00 price objective on shares of Global-E Online in a report on Thursday, August 15th. KeyCorp cut their target price on Global-E Online from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $46.00 price target on shares of Global-E Online in a research report on Wednesday, July 10th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $42.82.

Global-E Online Price Performance

NASDAQ GLBE opened at $38.05 on Monday. Global-E Online Ltd. has a 1 year low of $27.30 and a 1 year high of $42.88. The company has a market capitalization of $6.25 billion, a PE ratio of -51.42 and a beta of 1.09. The company has a fifty day moving average of $34.62 and a 200 day moving average of $33.73.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. The business had revenue of $168.00 million during the quarter, compared to analysts’ expectations of $165.95 million. Global-E Online had a negative return on equity of 16.41% and a negative net margin of 17.33%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) EPS. Research analysts expect that Global-E Online Ltd. will post -0.5 earnings per share for the current year.

Global-E Online Company 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.