Global-E Online Ltd. (NASDAQ:GLBE) Shares Bought by Clay Northam Wealth Management LLC

Clay Northam Wealth Management LLC boosted its stake in Global-E Online Ltd. (NASDAQ:GLBE) by 10.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,250 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Global-E Online comprises approximately 0.5% of Clay Northam Wealth Management LLC’s portfolio, making the stock its 29th largest position. Clay Northam Wealth Management LLC’s holdings in Global-E Online were worth $604,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Global-E Online by 11.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 35,437 shares of the company’s stock worth $1,197,000 after acquiring an additional 3,521 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Global-E Online in the 1st quarter valued at about $688,000. Sei Investments Co. lifted its position in shares of Global-E Online by 59.7% during the 1st quarter. Sei Investments Co. now owns 235,873 shares of the company’s stock valued at $7,968,000 after acquiring an additional 88,194 shares during the period. Vanguard Group Inc. boosted its position in Global-E Online by 3.0% during the first quarter. Vanguard Group Inc. now owns 19,918 shares of the company’s stock worth $673,000 after purchasing an additional 571 shares in the last quarter. Finally, Parkwood LLC raised its position in Global-E Online by 110.7% during the first quarter. Parkwood LLC now owns 22,531 shares of the company’s stock worth $761,000 after acquiring an additional 11,840 shares during the last quarter. Institutional investors and hedge funds own 94.60% of the company’s stock.

Global-E Online Stock Performance

GLBE stock traded up $0.24 during mid-day trading on Thursday, reaching $34.92. The company had a trading volume of 52,670 shares, compared to its average volume of 1,086,223. The stock’s 50-day simple moving average is $36.64 and its two-hundred day simple moving average is $36.66. Global-E Online Ltd. has a one year low of $26.01 and a one year high of $45.72.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Global-E Online had a negative net margin of 23.48% and a negative return on equity of 14.58%. The firm had revenue of $185.40 million during the quarter, compared to the consensus estimate of $181.74 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, research analysts predict that Global-E Online Ltd. will post -0.5 EPS for the current year.

Analyst Upgrades and Downgrades

GLBE has been the topic of several analyst reports. Piper Sandler restated an “overweight” rating and set a $50.00 price objective on shares of Global-E Online in a report on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Global-E Online in a report on Thursday, February 22nd. The Goldman Sachs Group upped their price objective on shares of Global-E Online from $36.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $40.00 price target on shares of Global-E Online in a research note on Monday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

About Global-E Online

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.