Fieldview Capital Management LLC Sells 57,051 Shares of Global-e Online Ltd. $GLBE

Fieldview Capital Management LLC lowered its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 54.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,597 shares of the company’s stock after selling 57,051 shares during the period. Fieldview Capital Management LLC’s holdings in Global-e Online were worth $1,910,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Global-e Online in the fourth quarter valued at $39,000. IFP Advisors Inc boosted its holdings in Global-e Online by 73.3% in the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock valued at $38,000 after acquiring an additional 448 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Global-e Online by 67.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock valued at $47,000 after acquiring an additional 528 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Global-e Online by 780.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock valued at $61,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Global-e Online in the fourth quarter valued at $72,000. Institutional investors own 94.60% of the company’s stock.

Insider Transactions at Global-e Online

In other news, President Nir Debbi sold 9,233 shares of Global-e Online stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $33.70, for a total value of $311,152.10. Following the completion of the transaction, the president owned 4,559,466 shares of the company’s stock, valued at $153,654,004.20. The trade was a 0.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amir Schlachet sold 16,666 shares of Global-e Online stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $34.45, for a total value of $574,143.70. Following the completion of the transaction, the chief executive officer directly owned 3,562,787 shares of the company’s stock, valued at approximately $122,738,012.15. This represents a 0.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 248,220 shares of company stock valued at $8,183,640 in the last quarter. 11.60% of the stock is owned by insiders.

Global-e Online Trading Down 1.5%

Shares of Global-e Online stock opened at $32.73 on Friday. The business has a fifty day simple moving average of $31.19 and a two-hundred day simple moving average of $34.67. The firm has a market capitalization of $5.56 billion, a P/E ratio of 50.35 and a beta of 1.16. Global-e Online Ltd. has a 12 month low of $26.84 and a 12 month high of $41.94.

Global-e Online (NASDAQ:GLBE) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. The firm had revenue of $252.09 million during the quarter, compared to analyst estimates of $250.78 million. Global-e Online had a return on equity of 12.64% and a net margin of 11.37%.Global-e Online’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS. Analysts predict that Global-e Online Ltd. will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $40.00 price target on shares of Global-e Online in a report on Wednesday, May 13th. Wall Street Zen lowered Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. KeyCorp lowered their price objective on Global-e Online from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Truist Financial raised Global-e Online from a “hold” rating to a “buy” rating and raised their price objective for the company from $34.00 to $39.00 in a research report on Wednesday. Finally, Weiss Ratings lowered Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

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.