Perbak Capital Partners LLP Boosts Stake in Global-e Online Ltd. $GLBE

Perbak Capital Partners LLP grew its position in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 202.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 37,856 shares of the company’s stock after buying an additional 25,337 shares during the quarter. Perbak Capital Partners LLP’s holdings in Global-e Online were worth $1,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vitruvian Partners LLP increased its position in shares of Global-e Online by 23.1% during the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock valued at $6,167,000 after acquiring an additional 32,405 shares during the last quarter. Penserra Capital Management LLC boosted its position in Global-e Online by 16.1% in the third quarter. Penserra Capital Management LLC now owns 127,667 shares of the company’s stock worth $4,564,000 after purchasing an additional 17,676 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Global-e Online by 50.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 775,000 shares of the company’s stock worth $27,714,000 after purchasing an additional 260,000 shares during the last quarter. Nordea Investment Management AB bought a new position in Global-e Online in the 3rd quarter valued at $7,838,000. Finally, Brown Capital Management LLC grew its stake in Global-e Online by 10.0% in the 3rd quarter. Brown Capital Management LLC now owns 2,389,842 shares of the company’s stock valued at $85,461,000 after purchasing an additional 216,304 shares during the period. Hedge funds and other institutional investors own 94.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GLBE shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Global-e Online in a research note on Monday, December 29th. Benchmark increased their price target on shares of Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Piper Sandler restated an “overweight” rating on shares of Global-e Online in a report on Thursday, February 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Finally, KeyCorp dropped their target price on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Global-e Online has an average rating of “Moderate Buy” and an average target price of $47.80.

Global-e Online Price Performance

Shares of GLBE opened at $34.78 on Friday. Global-e Online Ltd. has a 1 year low of $26.64 and a 1 year high of $43.21. The stock’s fifty day moving average price is $35.85 and its two-hundred day moving average price is $36.44. The firm has a market cap of $5.90 billion, a PE ratio of 94.00 and a beta of 1.24.

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.