Moody National Bank Trust Division Increases Stake in Global-e Online Ltd. $GLBE

Moody National Bank Trust Division boosted its position in Global-e Online Ltd. (NASDAQ:GLBE) by 39.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,765 shares of the company’s stock after acquiring an additional 12,300 shares during the period. Moody National Bank Trust Division’s holdings in Global-e Online were worth $1,520,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GLBE. Wasatch Advisors LP raised its position in shares of Global-e Online by 34.0% in the first quarter. Wasatch Advisors LP now owns 6,458,588 shares of the company’s stock valued at $199,247,000 after purchasing an additional 1,637,482 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Global-e Online by 68.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock worth $230,842,000 after buying an additional 2,387,242 shares during the period. Contour Asset Management LLC grew its stake in Global-e Online by 4.6% in the 4th quarter. Contour Asset Management LLC now owns 4,842,069 shares of the company’s stock valued at $190,342,000 after buying an additional 211,034 shares in the last quarter. Arohi Asset Management PTE Ltd. grew its stake in Global-e Online by 0.6% in the 4th quarter. Arohi Asset Management PTE Ltd. now owns 3,780,304 shares of the company’s stock valued at $148,604,000 after buying an additional 23,213 shares in the last quarter. Finally, Brown Capital Management LLC raised its holdings in Global-e Online by 0.6% during the 4th quarter. Brown Capital Management LLC now owns 2,404,856 shares of the company’s stock valued at $94,535,000 after acquiring an additional 15,014 shares during the period. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GLBE shares. Morgan Stanley dropped their target price on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Piper Sandler reiterated an “overweight” rating and issued a $48.00 price target on shares of Global-e Online in a research report on Wednesday, July 29th. Weiss Ratings lowered Global-e Online from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Wall Street Zen downgraded Global-e Online from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research lowered Global-e Online from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.83.

Insider Buying and Selling at Global-e Online

In related news, CEO Amir Schlachet sold 24,999 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $41.23, for a total value of $1,030,708.77. Following the transaction, the chief executive officer directly owned 4,066,730 shares in the company, valued at approximately $167,671,277.90. This represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shahar Tamari sold 24,999 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $36.81, for a total transaction of $920,213.19. Following the completion of the sale, the chief operating officer directly owned 3,931,686 shares in the company, valued at $144,725,361.66. This represents a 0.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 330,330 shares of company stock valued at $11,666,473 in the last 90 days. Corporate insiders own 11.60% of the company’s stock.

Global-e Online Stock Performance

NASDAQ:GLBE opened at $41.57 on Thursday. Global-e Online Ltd. has a 52-week low of $26.84 and a 52-week high of $42.38. The stock has a fifty day moving average of $35.50 and a 200 day moving average of $33.78. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 63.95 and a beta of 1.03.

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.