New Insight Wealth Advisors Has $4.99 Million Stock Holdings in Global-e Online Ltd. $GLBE

New Insight Wealth Advisors lifted its position in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,517 shares of the company’s stock after purchasing an additional 19,517 shares during the period. Global-e Online accounts for approximately 1.9% of New Insight Wealth Advisors’ investment portfolio, making the stock its 15th biggest holding. New Insight Wealth Advisors’ holdings in Global-e Online were worth $4,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dragoneer Investment Group LLC raised its position in Global-e Online by 20.5% during the second quarter. Dragoneer Investment Group LLC now owns 10,056,015 shares of the company’s stock valued at $337,279,000 after purchasing an additional 1,708,655 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Global-e Online by 182.0% in the 2nd quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock valued at $122,626,000 after purchasing an additional 2,359,435 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Global-e Online by 27.0% in the second quarter. JPMorgan Chase & Co. now owns 3,617,284 shares of the company’s stock valued at $121,324,000 after purchasing an additional 770,028 shares in the last quarter. Wasatch Advisors LP grew its position in Global-e Online by 231.8% in the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock valued at $114,847,000 after purchasing an additional 2,392,124 shares during the period. Finally, Arohi Asset Management PTE Ltd. raised its stake in shares of Global-e Online by 91.0% in the second quarter. Arohi Asset Management PTE Ltd. now owns 2,822,884 shares of the company’s stock worth $94,680,000 after purchasing an additional 1,345,156 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GLBE shares. Zacks Research upgraded shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Piper Sandler upped their price objective on shares of Global-e Online from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Truist Financial set a $41.00 target price on shares of Global-e Online in a report on Thursday, December 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Global-e Online in a report on Monday, December 29th. Finally, Needham & Company LLC raised their target price on shares of Global-e Online from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.91.

Global-e Online Stock Down 2.1%

Global-e Online stock opened at $37.50 on Friday. The company’s 50-day moving average price is $38.91 and its 200-day moving average price is $35.97. The company has a market cap of $6.36 billion, a PE ratio of 1,250.42 and a beta of 1.24. Global-e Online Ltd. has a twelve month low of $26.64 and a twelve month high of $63.69.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings results on Wednesday, November 19th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Global-e Online had a return on equity of 0.81% and a net margin of 0.82%.The firm had revenue of $220.78 million during the quarter, compared to analyst estimates of $217.95 million. During the same period in the previous year, the company posted ($0.13) EPS. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, sell-side analysts expect that Global-e Online Ltd. will post 0.25 earnings per share for the current fiscal year.

About Global-e Online

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.