Global-E Online Ltd. (NASDAQ:GLBE) Shares Bought by Truist Financial Corp

Truist Financial Corp lifted its holdings in shares of Global-E Online Ltd. (NASDAQ:GLBE) by 79.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,837 shares of the company’s stock after purchasing an additional 13,678 shares during the period. Truist Financial Corp’s holdings in Global-E Online were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its position 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 buying an additional 197 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Global-E Online in the third quarter valued at $32,000. Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 748 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Global-E Online in the 3rd quarter valued at $87,000. Finally, Quarry LP lifted its position in Global-E Online by 226.1% during the 3rd quarter. Quarry LP now owns 2,286 shares of the company’s stock worth $88,000 after acquiring an additional 1,585 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Global-E Online Trading Down 2.7 %

GLBE stock opened at $42.59 on Friday. The firm has a 50-day moving average of $55.54 and a two-hundred day moving average of $45.94. The firm has a market capitalization of $7.00 billion, a PE ratio of -96.80, a P/E/G ratio of 4.61 and a beta of 1.23. Global-E Online Ltd. has a one year low of $28.11 and a one year high of $63.69.

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

Wall Street Analyst Weigh In

GLBE has been the subject of a number of research analyst reports. JMP Securities lifted their price target on shares of Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 21st. UBS Group reduced 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 Friday, February 21st. The Goldman Sachs Group lifted their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company upped their price objective on Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Raymond James lifted their target price on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.58.

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.