Next Century Growth Investors LLC Acquires 76,452 Shares of Global-e Online Ltd. $GLBE

Next Century Growth Investors LLC raised its holdings in shares of Global-e Online Ltd. (NASDAQ:GLBE) by 38.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 274,708 shares of the company’s stock after buying an additional 76,452 shares during the quarter. Next Century Growth Investors LLC’s holdings in Global-e Online were worth $10,799,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vitruvian Partners LLP lifted its position in 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 purchasing an additional 32,405 shares during the last quarter. Annex Advisory Services LLC lifted its position 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 valued at $25,159,000 after purchasing an additional 250,625 shares during the last quarter. Legal & General Group Plc lifted its position 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 valued at $22,727,000 after purchasing an additional 296,466 shares during the last quarter. NZS Capital LLC lifted its position in Global-e Online by 39.3% during the third quarter. NZS Capital LLC now owns 950,631 shares of the company’s stock valued at $33,995,000 after purchasing an additional 268,328 shares during the last quarter. Finally, Spyglass Capital Management LLC lifted its position 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 valued at $96,665,000 after purchasing an additional 1,044,960 shares during the last quarter. Institutional investors own 94.60% of the company’s stock.

Insider Transactions at Global-e Online

In related news, CEO Amir Schlachet sold 16,666 shares of Global-e Online stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.34, for a total transaction of $555,644.44. Following the completion of the sale, the chief executive officer owned 4,216,724 shares in the company, valued at $140,585,578.16. This trade represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Nir Debbi sold 9,233 shares of Global-e Online stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $33.70, for a total transaction of $311,152.10. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 248,220 shares of company stock worth $8,183,640. 11.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GLBE has been the subject of several research reports. Wall Street Zen lowered shares of Global-e Online from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America initiated coverage on shares of Global-e Online in a research report on Tuesday, March 31st. They set a “buy” rating and a $43.00 price objective for the company. UBS Group lowered their price objective on shares of Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Global-e Online to an “accumulate” rating in a research report on Wednesday, May 27th. Finally, Needham & Company LLC restated a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Global-e Online Trading Down 1.5%

Global-e Online stock opened at $32.73 on Friday. The firm has a 50-day moving average price of $31.19 and a 200-day moving average price of $34.67. The firm has a market capitalization of $5.56 billion, a PE 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 released its 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 net margin of 11.37% and a return on equity of 12.64%. The business’s revenue was up 32.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) EPS. As a group, sell-side analysts predict that Global-e Online Ltd. will post 1.11 earnings per share for the current fiscal year.

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.