Investors Buy Large Volume of Call Options on Global-E Online (NASDAQ:GLBE)

Global-E Online Ltd. (NASDAQ:GLBE) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 4,364 call options on the company. This represents an increase of 45% compared to the typical volume of 3,001 call options.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GLBE shares. JMP Securities lifted their price target on shares of Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research note on Thursday, November 21st. Raymond James increased their price target on Global-E Online from $41.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Piper Sandler boosted their target price on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Benchmark reduced their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.25.

Institutional Investors Weigh In On Global-E Online

Several large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in shares of Global-E Online by 69.1% in the 4th quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after acquiring an additional 197 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Global-E Online during the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. increased its holdings in shares of Global-E Online by 1,968.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 786 shares of the company’s stock valued at $43,000 after acquiring an additional 748 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of Global-E Online in the 4th quarter worth $59,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Global-E Online during the 4th quarter worth $65,000. 94.60% of the stock is owned by institutional investors.

Global-E Online Stock Performance

Shares of NASDAQ:GLBE opened at $46.63 on Friday. Global-E Online has a 52-week low of $28.11 and a 52-week high of $63.69. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of -80.40, a PEG ratio of 6.37 and a beta of 1.23. The stock’s 50-day simple moving average is $56.72 and its two-hundred day simple moving average is $45.56.

Global-E Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Global-E Online had a negative net margin of 14.68% and a negative return on equity of 15.05%. The company had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the prior year, the firm posted $0.22 EPS. Global-E Online’s quarterly revenue was up 41.8% compared to the same quarter last year. As a group, equities analysts forecast that Global-E Online will post -0.47 earnings per share for the current fiscal 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.