Mitsubishi UFJ Trust & Banking Corp Decreases Stake in Global-E Online Ltd. (NASDAQ:GLBE)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,559 shares of the company’s stock after selling 621 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Global-E Online were worth $2,430,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp lifted its position in Global-E Online by 69.1% during the fourth quarter. Fifth Third Bancorp now owns 482 shares of the company’s stock worth $26,000 after buying an additional 197 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Global-E Online by 2.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the company’s stock worth $436,000 after acquiring an additional 200 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Global-E Online by 1.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,660 shares of the company’s stock valued at $908,000 after acquiring an additional 260 shares during the last quarter. Juncture Wealth Strategies LLC grew its holdings in shares of Global-E Online by 3.9% in the fourth quarter. Juncture Wealth Strategies LLC now owns 13,161 shares of the company’s stock valued at $718,000 after purchasing an additional 494 shares during the period. Finally, Clay Northam Wealth Management LLC increased its position in Global-E Online by 3.0% during the fourth quarter. Clay Northam Wealth Management LLC now owns 23,030 shares of the company’s stock worth $1,256,000 after purchasing an additional 675 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.

Global-E Online Stock Down 0.1 %

Shares of NASDAQ:GLBE opened at $35.65 on Tuesday. Global-E Online Ltd. has a fifty-two week low of $28.11 and a fifty-two week high of $63.69. The firm’s 50 day moving average price is $48.24 and its 200 day moving average price is $46.68. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of -81.02, a price-to-earnings-growth ratio of 4.61 and a beta of 1.30.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $262.91 million for the quarter, compared to analyst estimates of $250.96 million. Global-E Online had a negative net margin of 10.04% and a negative return on equity of 8.56%. The company’s revenue was up 41.8% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. On average, equities analysts anticipate that Global-E Online Ltd. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GLBE. Needham & Company LLC reiterated a “buy” rating and issued a $64.00 price objective on shares of Global-E Online in a research report on Wednesday, March 12th. Piper Sandler increased their price target on Global-E Online from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. UBS Group reduced their price objective on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Benchmark lowered their target price on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, KeyCorp boosted their price target on shares of Global-E Online from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $58.33.

About Global-E Online

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.