Global-e Online Ltd. $GLBE Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC reduced its stake in Global-e Online Ltd. (NASDAQ:GLBE) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,191,892 shares of the company’s stock after selling 29,329 shares during the period. Global-e Online makes up about 2.0% of Granahan Investment Management LLC’s investment portfolio, making the stock its 12th biggest holding. Granahan Investment Management LLC’s holdings in Global-e Online were worth $46,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Global-e Online in the 4th quarter valued at about $39,000. IFP Advisors Inc lifted its position in shares of Global-e Online by 73.3% during the third quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Global-e Online by 780.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Global-e Online during the fourth quarter worth about $72,000. 94.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Global-e Online

In other Global-e Online news, COO Shahar Tamari sold 7,874 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $33.09, for a total value of $260,550.66. Following the sale, the chief operating officer owned 4,017,209 shares in the company, valued at approximately $132,929,445.81. This trade represents a 0.20% decrease in their ownership of the stock. The sale 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 that occurred 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 completion of the sale, the president owned 4,559,466 shares in the company, 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. Over the last 90 days, insiders have sold 206,556 shares of company stock worth $6,758,482. 11.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GLBE shares. Deutsche Bank Aktiengesellschaft raised shares of Global-e Online to an “accumulate” rating in a report on Wednesday, May 27th. Weiss Ratings cut shares of Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. KeyCorp cut their target price on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Benchmark reissued a “buy” rating on shares of Global-e Online in a report on Wednesday, May 27th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $42.00 target price on shares of Global-e Online in a report on Wednesday, May 13th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Global-e Online currently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Global-e Online Stock Up 2.1%

Shares of NASDAQ GLBE opened at $32.28 on Wednesday. The firm’s 50-day moving average price is $31.22 and its two-hundred day moving average price is $34.54. 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 capitalization of $5.48 billion, a P/E ratio of 49.66 and a beta of 1.16.

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