Bienville Capital Management LLC Acquires New Position in Global-e Online Ltd. $GLBE

Bienville Capital Management LLC bought a new position in shares of Global-e Online Ltd. (NASDAQ:GLBE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 374,935 shares of the company’s stock, valued at approximately $13,021,000. Global-e Online comprises 1.7% of Bienville Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Bienville Capital Management LLC owned approximately 0.22% of Global-e Online as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of Global-e Online by 105.3% during the fourth quarter. Legal & General Group Plc now owns 578,139 shares of the company’s stock worth $22,727,000 after purchasing an additional 296,466 shares during the last quarter. Vitruvian Partners LLP increased its stake in Global-e Online by 21.9% in the fourth quarter. Vitruvian Partners LLP now owns 210,209 shares of the company’s stock valued at $8,263,000 after purchasing an additional 37,767 shares during the last quarter. Empowered Funds LLC acquired a new position in Global-e Online in the first quarter valued at $1,144,000. Handelsbanken Fonder AB lifted its position in Global-e Online by 51.7% during the fourth quarter. Handelsbanken Fonder AB now owns 114,076 shares of the company’s stock worth $4,484,000 after buying an additional 38,869 shares during the period. Finally, Wasatch Advisors LP lifted its position in Global-e Online by 28.1% during the second quarter. Wasatch Advisors LP now owns 8,275,194 shares of the company’s stock worth $287,397,000 after buying an additional 1,816,606 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

Global-e Online Trading Down 2.2%

Shares of Global-e Online stock opened at $36.11 on Thursday. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99. The stock has a market capitalization of $6.13 billion, a P/E ratio of 41.99 and a beta of 1.00. The business’s fifty day moving average price is $38.91 and its 200 day moving average price is $34.63.

Global-e Online (NASDAQ:GLBE) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.37 EPS for the quarter. The company had revenue of $299.00 million during the quarter. Global-e Online had a return on equity of 16.70% and a net margin of 13.87%. As a group, sell-side analysts predict that Global-e Online Ltd. will post 1.32 EPS for the current year.

Insider Transactions at Global-e Online

In other news, COO Shahar Tamari sold 24,999 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $38.41, for a total transaction of $960,211.59. Following the transaction, the chief operating officer directly owned 3,831,690 shares of the company’s stock, valued at approximately $147,175,212.90. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amir Schlachet sold 24,999 shares of Global-e Online stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $38.24, for a total value of $955,961.76. Following the sale, the chief executive officer owned 3,716,732 shares in the company, valued at $142,127,831.68. This represents a 0.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 658,374 shares of company stock worth $26,046,181. 11.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Zacks Research upgraded Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. Morgan Stanley increased their price objective on shares of Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $47.00 price objective on shares of Global-e Online in a report on Tuesday, September 1st. Weiss Ratings raised shares of Global-e Online from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 19th. Finally, Citigroup restated a “market outperform” rating on shares of Global-e Online in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.69.

Global-e Online Profile

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.