Fox Run Management L.L.C. Takes $1.06 Million Position in Global-e Online Ltd. $GLBE

Fox Run Management L.L.C. bought a new stake in Global-e Online Ltd. (NASDAQ:GLBE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 27,022 shares of the company’s stock, valued at approximately $1,062,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vitruvian Partners LLP raised its stake in Global-e Online by 23.1% during the third quarter. Vitruvian Partners LLP now owns 172,442 shares of the company’s stock worth $6,167,000 after acquiring an additional 32,405 shares during the period. Annex Advisory Services LLC raised its stake in Global-e Online by 64.4% during the fourth quarter. Annex Advisory Services LLC now owns 640,016 shares of the company’s stock worth $25,159,000 after acquiring an additional 250,625 shares during the period. Legal & General Group Plc raised its stake in 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 acquiring an additional 296,466 shares during the period. NZS Capital LLC raised its stake in Global-e Online by 39.3% during the third quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock worth $33,995,000 after acquiring an additional 268,328 shares during the period. Finally, Spyglass Capital Management LLC raised its stake in Global-e Online by 63.0% during the third quarter. Spyglass Capital Management LLC now owns 2,703,171 shares of the company’s stock worth $96,665,000 after acquiring an additional 1,044,960 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $40.00 price objective on shares of Global-e Online in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial dropped their price objective on shares of Global-e Online from $37.00 to $34.00 and set a “hold” rating on the stock in a research note on Wednesday, May 27th. Finally, Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.92.

Global-e Online Trading Up 0.7%

NASDAQ GLBE opened at $32.38 on Wednesday. Global-e Online Ltd. has a 52 week low of $26.84 and a 52 week high of $41.94. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 49.82 and a beta of 1.16. The company has a 50-day moving average price of $31.03 and a two-hundred day moving average price of $34.72.

Global-e Online (NASDAQ:GLBE) last issued its earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to analysts’ expectations of $250.78 million. Global-e Online had a net margin of 11.37% and a return on equity of 12.64%. The firm’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. As a group, equities research analysts expect that Global-e Online Ltd. will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Shahar Tamari sold 25,949 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.79, for a total transaction of $902,765.71. Following the transaction, the chief operating officer owned 3,790,225 shares in the company, valued at approximately $131,861,927.75. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Nir Debbi sold 9,233 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $33.70, for a total transaction of $311,152.10. Following the transaction, the president owned 4,559,466 shares in the company, valued at $153,654,004.20. This represents a 0.20% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 248,220 shares of company stock valued at $8,183,640. Company insiders own 11.60% of the company’s stock.

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.