Global-e Online (NASDAQ:GLBE) President Nir Debbi Sells 4,166 Shares

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $33.06, for a total value of $137,727.96. Following the completion of the sale, the president owned 4,302,269 shares of the company’s stock, valued at $142,233,013.14. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Nir Debbi also recently made the following trade(s):

• On Wednesday, April 1st, Nir Debbi sold 4,166 shares of Global-e Online stock. The stock was sold at an average price of $31.26, for a total value of $130,229.16.
• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The stock was sold at an average price of $34.51, for a total value of $287,537.32.

Global-e Online Trading Up 1.2%

Shares of GLBE stock opened at $33.71 on Friday. Global-e Online Ltd. has a twelve month low of $27.80 and a twelve month high of $43.21. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 91.11 and a beta of 1.28. The stock has a fifty day simple moving average of $32.99 and a two-hundred day simple moving average of $35.81.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GLBE. IFP Advisors Inc increased its position in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after buying an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Global-e Online during the 4th quarter valued at about $39,000. Geneos Wealth Management Inc. increased its position in Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after buying an additional 528 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after buying an additional 1,616 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in Global-e Online by 237.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,955 shares of the company’s stock valued at $72,000 after buying an additional 1,376 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on GLBE. Bank of America initiated coverage on Global-e Online in a report on Tuesday, March 31st. They issued a “buy” rating and a $43.00 target price for the company. Benchmark upped their price objective on Global-e Online from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. KeyCorp decreased their price objective on Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Morgan Stanley restated an “overweight” rating on shares of Global-e Online in a research note on Thursday, February 19th. Finally, UBS Group decreased their price objective on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.58.

Global-e Online Company 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.